The Recorder covers the Facebook privacy suit and an objection filed by the Center for Class Action Fairness.
“Cynical.”
That’s the descriptor lawyers at the Competitive Enterprise Institute’s Center for Class Action Fairness used to describe a proposed no-cash deal Facebook Inc. reached to settle a privacy class action earlier this year.
CCAF lawyers, led by Theodore “Ted” Frank, filed an objection to the proposed deal Monday evening, which would provide more than $3.8 million in fees and costs for the plaintiff’s legal team, led by Michael Sobol of Lieff Cabraser Heimann & Bernstein.
“The proposed settlement provides over $3.8 million to attorneys and 22 words on one of Facebook’s help pages for one year to everyone else,” wrote Frank and CCAF’s William Chamberlain in an objection filed on behalf of their colleague, Anna St. John. “The 22-word statement constitutes the only injunctive relief of the proposed settlement; all other purported relief merely describes changes implemented years ago and does not bind Facebook in any way whatsoever,” they wrote.
Read the full article at The Recorder.