Bloomberg BNA profiles Ted Frank, director of CEI's Center for Class Action Fairness, and his fight against unfair class action settlements.
Greed is undermining class actions, according to Ted Frank, founder and director of the Center for Class Action Fairness in Washington.
Consumer and other class settlements often pay more to trial lawyers than to their clients, Frank says, and he's devoted his professional life to fighting that trend.
Frank is an objector—a lawyer for class members who claim excess attorneys' fees or other settlement terms siphon benefits from consumers—and he says he fills a void.
“We continue to see the vast majority of settlements being abusive,” Frank told Bloomberg BNA recently. But in class actions, “nobody has the incentive to bring the individual case unless it’s aggregated, and nobody has the incentive to object,” he said.
Read the full article at Bloomberg BNA.