WSJ: Where Was CFPB While Wells Fargo Plundered?

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…

<em>WSJ</em>: Where Was CFPB While Wells Fargo Plundered?

Ted Frank
September 22, 2017
Media Appearances

Posner Leaves ‘Enormous Imprint’ on Class Actions

“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.

Bloomberg Law Logo (PRNewsfoto/Bloomberg Law)

Ted Frank
September 7, 2017
Media Appearances

WSJ: Congress Can Rescind the CFPB’s Gift to Trial Lawyers

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…

<em>WSJ</em>: Congress Can Rescind the CFPB’s Gift to Trial Lawyers

Ted Frank
September 6, 2017
Media Appearances

Court’s New Math in Subway Foot-Long Sub Lawsuit: Zero + Zero = Zero

"It was wonderful to see the principle vindicated," that cases without benefits to absent class members should not be certified.

admin
August 29, 2017
Press Highlights

Third Party Cy Pres Awards in Google Settlement Unfair to Class

The Center for Class Action Fairness (CCAF) today filed a reply brief in In re Google Inc. Cookie Placement Consumer Privacy Litigation arguing that the cy pres distribution in the proposed settlement is unfair to the class when direct compensation through a claims process is feasible.

Third Party <em>Cy Pres</em> Awards in Google Settlement Unfair to Class

admin
August 25, 2017
Press Releases

Appeals Court Approves Google’s $8.5 Million Data Leak Settlement

Theodore Frank, an activist who founded the Class Action Fairness Center, objected to the deal on several grounds, including that some of them had prior relationships with Google as well as the lawyers representing the consumers.

admin
August 23, 2017
Press Highlights

Facebook Settlement Illustrates the Worst of Lawyer-Driven Class Actions

"We had hoped the court would recognize that this settlement exemplifies the worst of lawyer-driven class actions and should not be approved under existing law,” said CCAF director Ted Frank about the decision. “The class relief is entirely illusory and yet the attorneys claim they are entitled to millions of dollars in fees."

Image credit: Steve Jurvetson

admin
August 10, 2017
Press Releases

Lithium Case Unfairly Groups Nationwide Class Together

The settlement in this antitrust price-fixing case unlawfully reduces the recovery of those 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 because those with legitimate claims receive less relief than they deserve while class members with no legal claim stand to receive an undeserved windfall.

Image credit: Uwe Hermann

admin
August 9, 2017
Press Releases

Despite Objections, Facebook Message-Scanning Settlement Approved

William Chamberlain said the settlement offered little more to consumers than a 22-word statement set to be posted on a seldom-viewed Facebook help page. Chamberlain also objected to the more than $3.8 million in fees and costs the plaintiffs' legal team requested for its work.

Image credit: Shiela Sund

admin
August 9, 2017
Press Highlights

CCAF Opposes Unfair Art.com Settlement

Class Attorneys Poised to Rake in $745k while class gets $10 coupons Objecting today to the class action settlement in Knapp v. Art.com, the CCenter for Class Action Fairness (CCAF) opposes the settlement which provides class members with a $10 voucher while class counsel rakes in $745,000 in fees. “This settlement exemplifies the abusive coupon settlements that Congress tried to stop with the Class Action Fairness Act,” said CCAF attorney Ted Frank.…

Photo credit: Chris Potter (www.ccPixs.com)

admin
July 21, 2017
Press Releases