Some updates

  • The Ninth Circuit rejected en banc review of our victory in HP Inkjet. Here, for the record, is our successful opposition to the en banc petitions.
  • In Wyeth Securities, the district court reduced an excessive fee request by $3,037,500. That puts CCAF over the quarter-billion-dollar mark lifetime in attorney-fee reductions or rejections in cases where we objected. I can’t say I’m thrilled with the opinion, which makes a number of legal mistakes that will get used against future objectors, doesn’t fairly address our objection, and says gratuitously unfair things about me, but, as I discuss at Point of Law, I’d rather a judge say mean things about me and then increase the benefit to the class than for a judge to say nice things about me and then rubber stamp a bad settlement and fee request.
  • We’ll accept praise from our peers, certainly. It’s behind a paywall, but those of you with Law360 subscriptions can read a piece by Jeffrey Jacobson analyzing and praising our “impressive” track record, and warning defendants that they need to take more care in crafting class-action settlements. He’s absolutely wrong about HP Inkjet, though.
  • Speaking of good press coverage, we expect to have some good news later this week.