The syndicated columnist takes a look at the Schwartz v. Citibank class action, and also points out a couple of weaknesses in a much-hyped new study by Cornell law professor Theodore Eisenberg and NYU law professor Geoffrey P. Miller which found no upward trend in the average amount of settlements or fees in 370 class actions recorded in court decisions from 1993 to 2002. (syndicated/Reason Online, Jan. 9; see Jonathan D. Glater, “Study Disputes View of Costly Surge in Class-Action Suits”, New York Times, Jan. 14; “Attorneys Fees in Class Action Settlements: An Empirical Study”, Sept. 24).
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In class actions
Class Actions — What Crisis?
In the class action world, things haven’t changed for a decade–neither the typical cost of settling disputes, nor the fees paid to lawyers. This is the conclusion of a comprehensive study by two respected and non-biased law professors. (”Study Disputes
Update: Eisenberg/Miller study
The Class Action Coalition releases a refutation of the much-hyped Eisenberg/Miller study (Jan. 16) to be published in the forthcoming Journal of Empirical Legal Studies purporting to analyze trends in attorneys’ fees in federal and state class actions…
Jacob Sullum on class actions
The syndicated columnist takes a look at the Schwartz v. Citibank class action, and also points out a couple of weaknesses in a much-hyped new study by Cornell law professor Theodore Eisenberg and NYU law professor Geoffrey P. Miller which…