A Class Action That Is ‘No Better Than a Racket’
Washington Post covers the Subway ‘footlong’ settlement.
Friday the U.S. Court of Appeals for the 7th Circuit reversed a district court’s approval of a class-action settlement in a case filed against Subway for allegedly shorting customers by occasionally selling “foot-long” sandwiches that were not, in all cases, actually one foot long.
Theodore Frank objected. A class member and professional objector to hollow class-action settlements, see, e.g., In re Walgreen Co. Stockholder Litig., 832 F.3d 718 (7th Cir. 2016), Frank argued that the settlement enriched only the lawyers and provided no meaningful benefits to the class. The judge was not persuaded. He certified the proposed class and approved the settlement. Frank appealed.
Read the full article at Washington Post.