Aron v. Crestwood Midstream Partners
CCAF appealed the approval of the settlement of a shareholder suit in which the plaintiffs' attorneys received $575,000, while the shareholders recovered only immaterial supplemental disclosures.
CCAF appealed the approval of the settlement of a shareholder suit in which the plaintiffs' attorneys received $575,000, while the shareholders recovered only immaterial supplemental disclosures.
Class counsel misinformed class members that they could not obtain the relief provided by the class action settlement if they “opt out,” when the same benefits are available through settlements with the Department of Justice and the Federal Trade Commission.
The Center for Class Action Fairness won a victory for consumers when a court in the Northern District of California entered an order this week agreeing with CCAF’s position that more than $2.35 million in uncashed checks in the Online DVD Rental Antitrust Litigation settlement should go to consumers rather than to third-party charities unrelated to the litigation.
Today, the Competitive Enterprise Institute’s Center for Class Action Fairness won its challenge to a class action settlement deal related to the merger between Walgreens and Boots pharmacies.
Late last week the U.S. District Court for the Eastern District of Pennsylvania ruled that the $14 million fee request by attorneys in a coupon settlement over Justice clothing store sales was excessive under federal law and that only $5.3 million could be currently justified.
In a victory for CCAF, the new settlement provides a $700,000 fund, which will provide more than $500,000 to class members, as a result of the Center’s involvement in the litigation. The original settlement provided only attorneys’ fees and meaningless label changes to class members.
Professor Sean J. Griffith objected to a class action settlement that paid Pharmacyclics shareholders like him $0 while providing up to $725,000 in attorneys' fees.
On July 29, 2016 the U.S. District Court for the Eastern District of Pennsylvania ruled that the $14 million fee request by attorneys in a coupon settlement over Justice clothing store sales was excessive under federal law and that only $5.3 million could be currently justified. At the conclusion of the coupon redemption period, the objectors CCAF represents moved to disgorge pay-offs that had been made to self-interested so-called "professional objectors."
“A class member deserves more than a potentially useless date voucher from It’s Just Lunch, which is why we object to the current settlement which awards millions to the attorneys who decided to take up the case and leaves the nationwide class members with nothing,” said CCAF attorney Anna St. John. “Quite simply, the settlement is unfair and the court should reject it.”
In a victory for CCAF, the district court denied approval of the settlement. From the bench, and for many of the reasons discussed in Barton's objection, the Court observed that the proposed settlement provided little to no benefit to the national class and, thus, class members were better off retaining their rights than settling for the relief provided by the settlement.