WSJ op-ed: Class-Action Lawyers Play Quota Games
Adam Schulman: If counsel assigns work, or courts appoint attorneys, on the basis of anything other than merit, it violates the duty to pursue class members’ interests.
Adam Schulman: If counsel assigns work, or courts appoint attorneys, on the basis of anything other than merit, it violates the duty to pursue class members’ interests.
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.
HLLI's Anna St. John and Ned Hedley write at The Federalist Society: The plaintiffs challenging the ESG Rule argue that it is contrary to the ERISA statute, exceeds the DOL’s authority, and is arbitrary and capricious. Utah v. Walsh also presents separation of powers questions.
Director of Litigation and Senior Attorney Ted Frank discussed class action lawsuits on Lawsuit Watch, hosted by Curt Schroder.
They funnel millions in settlement money to select causes—including their own alma maters.
F. Paul Bland asserts (Letters, Sept. 12) that the Consumer Financial Protection Bureau rule is necessary to avoid “immunity” for Wells Fargo for creating fake accounts. Like most antiarbitration rhetoric, this is fiction. The CFPB’s antiarbitration rule isn’t even in effect, yet government authorities (not class-action lawyers) required Wells Fargo to provide full restitution for consumers, fined the bank an additional $185 million in addition to Wells Fargo losing substantial market share from…
“I’m confident that one day this decade a different court of appeals will disagree with one of those Posner opinions, the Supreme Court will take up the circuit split, and then tell us that Posner was right all along,” Frank said.
Do Americans need more lawsuits? They’ll get them if the Consumer Financial Protection Bureau has its way. The CFPB—created by the Dodd-Frank Act of 2010 and still run by an Obama appointee—issued a rule in July barring financial institutions from including arbitration clauses in their contracts with customers. That means disputes would have to be settled by class-action lawsuits, which mostly benefit lawyers. The agency justifies its rule by claiming it…
The too-common scam goes like this. Trial lawyers bring a class action against a business, alleging unfair charges or false advertising and seeking to recover a few dollars each for thousands or millions of its customers. It’s okay if the case is weak, because the defendant still finds it cheaper to settle the lawsuit for a small percentage of the total losses alleged than to fight on.