CCAF Seeks to Extend Landmark Walgreen Ruling in Favor of Shareholder Class Members

If you thought every corporate merger was unique, you’d be wrong. Over 90% of merger deals over $100 million have at least one thing in common: They are challenged in a strike suit—or subject to what essentially amounts to legalized extortion. On June 5, 2017, CCAF argued before the U.S. Court of Appeals for the Fifth Circuit to stop one example of such socially wasteful litigation and extend the landmark ruling…

Olive Oil Settlement Uses Slippery Tactics to Reward Attorneys at Consumers’ Expense

In too many settlements, the same lawyers who rail against deceptive marketing tactics use deceptive settlement provisions to unfairly appropriate the lion’s share of the money for themselves. Kumar v. Salov North America Corp., where the attorneys look to get over 300% of what their clients will, is a good example of this unwelcome phenomenon.

Bi-Partisan Group of Attorneys General File Brief Supporting CCAF’s Challenge of ProFlowers’ Worthless Coupon Settlement

Attorneys general from 13 states filed an amicus brief supporting the Center for Class Action Fairness (CCAF) in its challenge of an unfair class action coupon settlement that involves Provide Commerce, Inc., the parent company of Proflowers.com. The case, In re: Easysaver Rewards Litigation, is on appeal before the U.S. Court of Appeals for the Ninth Circuit. In Easysaver, class counsel intentionally inflated the value of the settlement—to the tune of $38 million—in order to…

Bi-Partisan Group of Attorneys General File Brief Supporting CCAF’s Challenge of ProFlowers’ Worthless Coupon Settlement
photo credit: www.proflowers.com

Center for Class Action Fairness Changes Landscape of ‘Cy Pres’ Settlements

This blog post was published when the Center for Class Action Fairness was a project of the Competitive Enterprise Institute. The Center for Class Action Fairness (CCAF) has long opposed abusive “cy pres” settlements that benefit third-party beneficiaries instead of compensating class members; Ted Frank wrote about the issue in 2008 before founding CCAF, and Ted Frank has testified to Congress concerning cy pres settlements. As Reuters reporter Alison Frankel wrote after CCAF’s win in the Eighth…

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