American Express Anti-Steering Rules Antitrust Litigation

The Center for Class Action Fairness successfully objected to the settlement of an antitrust case where the class would only receive injunctive relief of uncertain value while class counsel seeks $75 million in fees. The settling parties had also tried to deter class members from opting out, which would waive unknown future claims. The court agreed with CCAF and rejected the proposed settlement on August 4, 2015.”