In re: Altria Group, Inc. Derivative Litigation
Theodore H. Frank moved to intervene and reopen a shareholder derivative settlement approved in February, which would destroy at least $125 million in shareholder value.
Theodore H. Frank moved to intervene and reopen a shareholder derivative settlement approved in February, which would destroy at least $125 million in shareholder value.
HLLI represents an objector challenging the fairness of a settlement that pays class counsel $76,500,000 in attorneys’ fees, and deducts $5 million more in expenses and service awards, well above the standard 25% benchmark, and much higher than the 15-20% expected in a settlement of this size.
Ted Frank: This case doesn’t belong in the courts. Newport County Superior Court is unlikely to arrive at the optimal policy that balances the need for fossil fuels in the economy with an attempt to reduce global carbon emissions.
Ted Frank: Jackson’s dissent from the ruling on affirmative action makes an obviously implausible claim.
Melissa Holyoak, co-founder of the Hamilton Lincoln Law Institute, has been nominated to serve as Commissioner of the Federal Trade Commission.
Docket number: 23-1374 (8th Cir.) The Hamilton Lincoln Law Institute filed an amicus brief in support of two Missouri public school employees, Brooke Henderson and Jennifer Lumley. Henderson and Lumley allege that school officials conducting a mandatory diversity training violated the First Amendment by forcing the two to confess their privilege and commit themselves to anti-racist advocacy. The district court not only ruled against the plaintiffs, it ordered them to pay the…
HLLI filed a brief of amici curiae on behalf of 3 intervenor colleges appealing the district court’s approval of a collusive class action settlement that skirts statutory limits to achieve Biden administration goals concerning student debt relief.
HLLI filed an amicus brief on behalf of 25 athletic officials and coaches for female athletes in support of a West Virginia law that makes all biological males, including those who self-identify as female, ineligible for participation on girls' sports teams.
Amanda Bronstad: In Wednesday’s decision, the Eleventh Circuit instructed that the district judge should “consider the points raised by Frank in this appeal” when reevaluating the settlement’s approval, including “whether the proposed attorneys’ fees are disproportionately large compared to the amount of relief reasonably expected to be provided to the class.”
esterday, the Hamilton Lincoln Law Institute filed its reply brief with the Ninth Circuit in its appeal on behalf of Doctors Michael Couris and Michael Fitzgibbons challenging a new California state law, AB 2098.