Boston Globe Exposes Cost Inflating Class-Action Attorneys
“This happens all the time,” said Frank. “Lawyers pad their bills with overstated hourly work to make their fee request seem less of a windfall.”
CCAF Objects to Unfair Settlement Deal in Google Privacy Case
CCAF Attorney Adam Schulman said, “This settlement exemplifies the problem of class action attorneys behaving as if they have no clients other than the general public. It is unacceptable to propose a settlement that waives class members’ rights yet provides them absolutely nothing in return."
Critics hit law firms’ bills after class-action lawsuits
The Boston Globe discusses Thornton Law Firm's legal fees in class-action lawsuits with the Center for Class Action Fairness's founder Ted Frank. Critics of the way lawyers are paid in class-action lawsuits acknowledge that firms often dramatically mark up the rates of their lower-paid attorneys when seeking legal fees in court, but they say Thornton has pushed the practice to an extreme. “This happens all the time,” said Ted Frank, a lawyer…
Challenging Class Action Law’s ‘Professional Objectors’
Earlier this week the Center for Class Action Fairness filed a motion to intervene and seek disgorgement from for-profit “professional objectors” in Pearson v. NBTY, Inc., a case dealing with allegedly deceptive marketing practices by makers of health supplements. The Center became involved in the case in 2014 when it objected to a class action settlement that would have provided attorneys $4.5 million but less than $900,000 to the class. On appeal, the Seventh Circuit agreed and reversed approval of the…
Lawsuits Allege ‘Objector Blackmail’ in Class Action Litigation
“[T]he cacophony created by shoddy objections brought by bad-faith objectors,” the lawsuit states,” interferes with a court’s ability to fairly consider the reasoned good-faith objections brought by the Center.”
Footlong Subs and Other Frivolous Lawsuits
In class-action lawsuits the threat of astronomical liability drives many defendants to settle — even if the plaintiffs’ chances of success are negligible. But because there’s only so much money that defendants are willing to spend, such nuisance lawsuits often lead to settlements where the attorneys get more than their fair share. It works like a formula: The plaintiffs’ attorneys and the few named representative plaintiffs divvy up the entire cash proceeds, leaving the remainder of the class with a potpourri of worthless window dressing.
$2.3 Million Returns to Class Members after CCAF Opposes Cy Pres Distribution in Wal-Mart Online DVD Settlement
The Center for Class Action Fairness won a victory for consumers when a court in the Northern District of California entered an order this week agreeing with CCAF’s position that more than $2.35 million in uncashed checks in the Online DVD Rental Antitrust Litigation settlement should go to consumers rather than to third-party charities unrelated to the litigation.
Settlement Insurance Shows Need for Court Skepticism in Class Actions
A plaintiffs’ attorney and an insurance executive have created a business, Risk Settlements, that offers a “post-lawsuit settlement insurance product specifically designed to manage settlement risk, cap exposure and provide certainty to the uncertain world of class action settlements.” That this business model is viable—and that it purports to save class-action defendants millions of dollars in claims-made settlements—demonstrates the need for courts to provide scrutiny of what class-action settlements actually provide consumers.
Landmark Ruling for Shareholders in Walgreens Class Action Lawsuit
This time, the good guys finished first. On August 10, the Seventh Circuit issued its opinion in In Re: Walgreen Co. Stockholder Litigation, No. 15-3799. One by one, Judge Posner dissected each of the six Supplemental Disclosures and held that they offered nothing to the shareholders. Nil. He found that the class action attorneys were inadequate representatives because they were only interested in fees and recommended that the whole case be dismissed.
Center for Class Action Fairness Wins Fight Against Worthless Settlement Deal in Walgreen-Boots Merger
Today, the Competitive Enterprise Institute’s Center for Class Action Fairness won its challenge to a class action settlement deal related to the merger between Walgreens and Boots pharmacies.
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