Judge Tosses Glucosamine Settlement

Forbes discusses the Center for Class Action Fairness’ case in Pearson v. NBTY

Judge Richard Posner of the Seventh Circuit Court of Appeals has unleashed another zinger at class-action attorneys, trashing a settlement over joint-pain pills that would have paid attorneys $2 million in fees, more than double what their clients got. And in so doing, he cites no less an authority than FORBES, specifically a May post on this blog.

Posner, ruling in favor of objectors in Pearson v. NBTY, outlines a series of conflicts and deceptions that any class-action lawyer worth her salt would sue over in an instant. But in this case it was the lawyers who perpetrated them, with the help of a judge who was all too willing to overlook the economic realities of the consumer class-action business.

Read the full article at Forbes