‘Fool for a client’? Ted Frank Goes Pro Se at SCOTUS to Pan Cy Pres Settlements
Ted Frank of the Center for Class Action Fairness is going to make history at the U.S. Supreme Court next term in Frank v. Gaos.
Ted Frank of the Center for Class Action Fairness is going to make history at the U.S. Supreme Court next term in Frank v. Gaos.
Law360 covers CCAF's Supreme Court case Frank v. Gaos.
Mealy's covers CCAF's Supreme Court case Frank v. Gaos.
Today the Center for Class Action Fairness filed its opening brief in Frank v. Gaos, a case before the U.S. Supreme Court challenging a class action settlement that provided zero dollars to class members, more than $2 million to the lawyers, and the remaining $5.3 million to third-party organizations unrelated to the case. Those organizations include class counsel’s alma maters and nonprofits to which defendant Google already contributes. This unfair practice of giving away class members’ money…
Today, the U.S. Court of Appeals for the Seventh Circuit agreed to allow the Center for Class Action Fairness go back to court and challenge the actions of professional, bad-faith objectors.
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.
Wednesday’s hearing is likely to expose “substantial shenanigans,” said class action activist Ted Frank.
‘Gobsmacking’ Fee Request: Haynes also challenges class counsel’s request of $284.5 million, 9.5 percent of the settlement’s value, in attorneys’ fees. He called the request ‘‘gobsmacking,’’ saying it will further dilute class recovery and ‘‘is based on the brazen overbilling of contract attorneys to the tune of nearly $100 million.’’
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.
Law360 cited CCAF attorney Anna St. John and Director of Litigation Ted Frank after the U.S. Supreme Court agreed to hear CEI's case, Frank v. Gaos. CEI hopes the court rules in our favor and creates a standard that forbids attorneys from misusing class action settlements to selfishly put themselves and third parties ahead of their clients. Justices are set for the first time to consider the cy pres remedy, which distributes awards in class actions to parties…