This week, Judge Jed Rakoff of the U.S. District Court for the Southern District of New York agreed with the Center for Class Action Fairness objection to the excessive attorneys’ fees request in the $3 billion class action settlement, In re Petrobras Securities Litigation.
The Center for Class Action Fairness objected on behalf of a class member to an unfair settlement and an excessive attorneys’ fees request in In re Petrobras Securities Litigation; plaintiffs’ attorneys inflated their fees and overbilled class members for “project attorneys” earning $325-$625/hour for what is relatively risk-free litigation, following widespread government investigations.
Today the Supreme Court granted cert in Frank v. Gaos, a challenge to the class action settlement negotiated by the plaintiffs’ lawyers in Gaos v. Google which provided $0 to class members and $8.5 million to be divided between the plaintiffs’ lawyers – who received $1000/hour on this case – and third-party charities unrelated to the case.
The Center for Class Action Fairness objected on behalf of a class member in Farrell v. Bank of America, a class action in which plaintiffs’ counsel sought attorneys' fees that would compensate them at rates of over $7700 per hour of time they spent working on the case.
CCAF opposed a settlement in Ma v. Harmless Harvest, a class action dispute over claims of organic products in coconut water in which class attorneys sought $575,000 and the class members get nothing.
The Center for Class Action Fairness filed its opening brief in an appeal of the settlement in In re Lithium Ion Batteries Antitrust Litigation today, arguing that the Ninth Circuit should decertify the class and reverse the settlement approval. The settlement in this antitrust price-fixing case unlawfully reduces the recovery of class members who have stronger claims than others. In this type of settlement, relief distributed pro rata to a nationwide class is a false justice…
Today the Competitive Enterprise Institute filed its closing brief in its challenge to the Federal Communications Commission’s (FCC) 21-month delay on its petition concerning the Charter/Brighthouse/Time Warner cable merger.
The Center for Class Action Fairness (CCAF) objected to the settlement in Leung et al. v. XPO Logistics, Inc. yesterday, arguing that the plaintiffs’ attorneys are attempting to overpay themselves by taking over 34 percent of the recovery, or $2.33 million of the $6.75 million class relief.
Today, the Center for Class Action Fairness (CCAF) filed its opening appellate brief opposing a Facebook class action settlement that provides $3.9 million for attorneys, while class members receive nothing more than a vague 22-word addition to Facebook’s “Help Center.”
After over a year and a half without response from the agency, the Competitive Enterprise Institute is representing individuals taking the Federal Communications Commission to court regarding the 2016 Charter/Brighthouse/Time Warner cable merger. Arguing that the FCC has a statutory obligation to respond to CEI’s June 2016 petition, CEI today requests the United States Court of Appeals for the District of Columbia to compel the agency to fulfill its duty to…
