Bloomberg BNA covers the good-faith objections made by Ted Frank cited in a ruling on class-action objections.
Serial objectors holding up approval of class settlements for their own financial gain is “vexing” and “distasteful,” but not criminal racketeering, a federal court said Feb. 6.
Imposing liability on professional objectors under a federal criminal conspiracy statute could chill good-faith objections from class members with legitimate concerns, Judge Rebecca R. Pallmeyer wrote for the U.S. District Court for the Northern District of Illinois.
The court dismissed claims filed under the federal Racketeering Influenced and Corrupt Organizations Act by plaintiffs’ firm Edelson P.C.
It cited objections made by frequent objector Ted Frank, of The Competitive Enterprise Institute Center for Class Action Fairness in Washington, as good-faith, even when they are not successful.
Read the full article at Bloomberg BNA.