Reuters covered HLLI’s objection in the case Corrente, et al. v. The Charles Schwab Corporation that awards no money to the class and $8.25 million in attorney fees.
Another challenger, Ted Frank, director of litigation at the Hamilton Lincoln Law Institute and the founder of the Center for Class Action Fairness, in a filing this week said there’s nothing wrong with lawyers bringing a good faith lawsuit that doesn’t yield a big payout in the end.“What they are not entitled to do is use the class action device to pay themselves and their attorneys for a meritless class action,” Frank’s objection said.
Read more at Reuters.