Appeals Court Flushes Papers Settlement That Paid Lawyers $2.73 Million, Clients Zero
Forbes discusses Center for Class Action Fairness' case objecting to the Procter & Gamble settlement that benefited the plaintiffs' lawyers far more than the class members they represent.
It was another victory for Center for Class Action Fairness, the group founded by lawyer Ted Frank that intervenes in class actions where it thinks the lawyers are getting a better deal than their clients. Last week, a judge in New York slashed $26.7 million from a proposed fee award in a Citigroup settlement after hearing evidence lawyers there sought to mark up $32-an-hour contract attorneys by 20-fold or more and wasted thousands of hours on document review after negotiating the deal.
Read the full article at Forbes.