Odds Of A Payoff In Consumer Class Action? Less Than A Straight Flush
Forbes cites Ted Frank of CCAF on recent consumer class action case.
An interesting piece of data just dropped into the official record in the Duracell Ultra settlement, where plaintiff lawyers are seeking a $5.7 million fee for what they call a $50 million settlement.
That settlement amount might be a little inflated, reports Ted Frank of the Center for Class Action Fairness, who is challenging the deal. Like by a factor of almost 150. And according to a startling statement from the administrator of the settlement, such gross overstatements are normal.
Read the full article at Forbes.