ESPN reports on Center for Class Action Fairness' objection to an unfair settlement which granted lawyers huge fees but small payouts to the class members.
Class-action lawsuits announced as "consumer victories" can be polite swindles in which a corporation pays tort attorneys a hefty fee to make liability exposure go away, while consumers receive little if anything. Over the summer I noted a particularly egregious case in which the lawyers appearing to win the "consumer victory" would receive $1.3 million while the members of the class — the average people who suffered the harm — get essentially nothing. Consumers can file motions to block class-action hocus-pocus such as this, but because that would require hiring a lawyer whose fee would be more than the consumer could hope to win, this rarely happens.
Ted Frank of Washington, D.C., reports that in the case TMQ cited, the nonprofit Center for Class Action Fairness has filed an objection which, one hopes, will put a stop to this particular swindle.
Read the full article at ESPN.