The Cincinnati Business Courier discusses with Ted Frank why the Center for Class Action Fairness is challenging a settlement which paid large sums to the attorneys while the class-action members, for which the case was filed for, recieved very little in return.
Attorney Ted Frank, founder and president of the center, said the decision means the parties can negotiate a new settlement or litigate the matter in court. The plaintiffs also could drop the suit.
“We’re very pleased – we’re doing this to play traffic cop and make the law better,” Frank said. “The class attorneys have a fiduciary responsibility to their clients, but a lot of attorneys prefer to just negotiate settlements where they get all the money and their clients get imaginary relief.” Far too often, Frank said, judges rubber stamp such settlements.
Read the full article at the Cincinnati Business Courier.