There was weirdly little resistance when a scamster named Kevin Waltzer and his associates posed as investors and defrauded three securities class action settlement funds of more than $40 million. How about better verification mechanisms? [Trask, Trentonian]
Posts Tagged ‘class action settlements’
CCAF announces “multiple victories”
Ted Frank’s class action settlement reform group, the Center for Class Action Fairness, has announced “multiple victories” in ongoing cases arising from settlements by Apple, Classmates.com, Toyota, HP, and gasoline retailers. Among the topics addressed in objection: exaggeration of benefits supposedly provided for the class, excessive attorney fees, and diversion of proceeds to groups unrelated to the class. Details here.
Comment of the day
By Scott Jacobs, on a guest post by Aaron Worthing (regarding class actions over Apple device location tracking) at Patterico:
How the hell is it that I didn’t have Overlawyered bookmarked?
How, indeed?
“And you thought you billed a lot of hours…”
Ted Frank, who’s challenging the Cobell (Indian trust) class action fees as part of his work with the Center for Class Action Fairness, catches out a lawyer who claims to have worked for more than nine hours a day on the case for 14 years, including a 7-year stretch in which he purportedly worked “an average of eleven hours a day, every day seven days a week without a single day off.” [Above the Law, earlier]
April 14 roundup
- “Raging Bitch”: Frederick (Md.) brewery says its beer label is a First Amendment issue [Frederick News-Post]
- UK soccer: Sunderland fan sues club after being hit by stray Djibril Cissé shot [Guardian]
- DirectBuy: “When 36 AGs Object to Your Class Action Settlement, That’s Not a Good Sign” [Karlsgodt] “Court reduces fees after CCAF objection to HP settlement” [Ted Frank] Russell Jackson on ink-cartridge settlements;
- Time for Congress to repeal the Uniform Federal Drinking Age Act [Glenn Reynolds/WSJ via WSJ Law Blog]
- Claim: business investment isn’t really much impaired by regulatory uncertainty [Lardner]
- Update: “Righthaven drops suit against mildly autistic hobby blogger” [Romenesko, earlier] And it sues, then drops suit against, writer based on his article about one of its suits [ArsTechnica, PaidContent]
- George Wallace hosts Blawg Review #304 at Declarations and Exceptions and #305 at A Fool in the Forest;
- Suspicious website promotes nonexistent law firm [Brian Baxter, AmLaw Daily]
April 6 roundup
- Lack of defect poses problem for plaintiff: Toyota prevails in first acceleration case [NLJ]
- Australia: writer Andrew Bolt on trial for alleged racially disparaging columns [Herald Sun, Crikey, The Age]
- “Attorneys Put Themselves Before Consumers in Class Action over Faulty Computer Chip” [CJAC, Frank/CCAF on NVidia case]
- Ruling by Federal Circuit is thinning out rush of patent marking cases [Qualters, NLJ, earlier]
- Podcast: Lester Brickman and “Lawyer Barons” [PoL, earlier here and here]
- “Are class actions unconstitutional?” [Lahav, Mass Tort Lit, on Martin Redish book]
- “Free speech belongs on campuses too” [Ilya Shapiro, Cato, on Widener case, with kind mention of Schools for Misrule]
- King Canute turns attention to dry land: states mull bills to forbid use of distressed properties as appraisal comps [Funnell]
Update: Adorno & Yoss law firm to dissolve
“[B]efore founding partner Henry ‘Hank’ Adorno was suspended for his handling of a $7 million class action settlement[, the] Florida law firm was once the nation’s largest certified minority-owned firm.” [ABA Journal] Our earlier coverage of the Miami fire-fee scandal (“A case of unchecked avarice coupled with a total absence of shame,” wrote one judge) is here, here, here, here, and here.
Sallie Mae robocall settlement
It includes a provision in which the class lawyers agree not to disparage the student lender. John Frith of the Civil Justice Association of California says that in exchange for the chance to split $4.875 million in fees, he’d probably agree to keep quiet too.
Alberto-Culver merger shareholder challenge
The National Law Journal headline puts it this way: “Two firms seek up to $6.5M for work on settlement yielding shareholders no monetary benefit.”
A class action named plaintiff revolts
Mutiny of the figurehead? One of the two lead plaintiffs in a computer-printer class action says he wasn’t adequately told what he was agreeing to, and is now objecting to the settlement. Class counsel in the settlement counter that the objector has been influenced by a lawyer pressing a rival class action. [Ted at PoL]