Objector to $10M Target Breach Deal Fails to Sway Judge
"Although these class members had their financial data stolen, they are releasing future-damages claims against Target in exchange for nothing," Holyoak said.
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…
A Rose by Any Other Name Would Smell Just as Sweet, but These Flower-Delivery Settlement Coupons Are Noisome Even When You Call Them “E-Credits”
Academics don’t often have the opportunity to publish an article opining on the correctness of a pending appeal, but our appeal in EasySaver Rewards Litigation, challenging a settlement that pays attorneys nearly $9 million and the class only $225,000 and nearly worthless coupons, is one such case.
photo credit: www.proflowers.com
CCAF Objects to Settlement Where Lawyers Make $1 Million, Class Gets Changes to Olive Oil Bottles
CCAF recently objected to the proposed class action settlement, class certification, and class attorneys' fees request in Kumar v. Salov North America Corp. on behalf of class member Ted Frank. The plaintiffs in this case alleged the defendant deceptively marketed their Filippo Berio brand olive oil as “Imported from Italy,” when many of the olives used to make the oil came from other countries.
Class Action Lawyers in Target Case Hoard the Settlement Pie
Imagine a family dinner table where Dad is deciding how large a piece of pie each of his three children get. All three children are good and deserving. But Dad first takes a generous slice for himself—more than a third of the pie—and then gives the rest to his favorite child. The rest of the kids get nothing.
CCAF Gets $405,000 Win for Class in Citigroup Case
“In a class action settlement with Citigroup shareholders, lawyers tried to direct a leftover balance from the settlement fund to advocacy groups that clash with the interests of class members,” said Ted Frank. “But now, after CEI objected to that unfair outcome, class attorneys have discovered a way to send those remaining settlement dollars to class members.”
CCAF Objects to Quorn Foods Settlement that Benefits Attorneys, Not Class
CCAF objected Thursday to an unfair settlement that leaves class members with virtually nothing, their attorneys with over half of the settlement fund - $1.35 million - and most remaining funds to an unrelated organization.
Judge Will Allow Class To Object To $75M State Street Fees
A Massachusetts federal judge credits the Center for Class Action Fairness with helping him "evolve" his thinking on a complicated and controversial class action case.
Thornton Law, others to pay $2m for probe of their bills
“It’s ironic, because any corporation caught telling investors something this misleading would surely face litigation from Labaton and Thornton,” Frank said after the hearing.
Attorney fees clipped, class awards tripled under new deal to end Southwest drink voucher class action
“The settlement was unfair because the attorneys' fees award was grossly disproportionate to the relief actually delivered to the class, Holyoak said. "Before the Center for Class Action Fairness objected, the plaintiffs’ attorneys were to receive $2.11 million, while the class members would have received $412,815 in coupons.”
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