Forbes: How Private Equity-Owned Companies Quietly Pocket Class Action Payouts

Forbes interviewed our co-founder and director of litigation, Ted Frank, for an article about how fintech companies and claims administrators profit from class action settlements.

The problems with digital prepaid cards in class actions are finally starting to get more attention, thanks largely to Todd Hilsee. Some of the attorneys we spoke with for this article now have their antennas out. “This is absolutely something we’ll be looking at in future settlements,” says Ted Frank, a class action reform crusader who has been working for over a decade to try to rectify the injustices of class actions, appealing more than 100 settlements and often winning victories, such as smaller payouts for attorneys.

Read more at Forbes. 

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