CEI’s Center for Class Action Fairness (CCAF) represents class members against unfair class action procedures and settlements. Originally founded by Ted Frank in 2009, CCAF has won millions of dollars for consumers and shareholders, and won landmark precedents that safeguard investors, courts, and the general public.

Unfair settlements generally serve self-interested lawyers and third parties at the expense of absent class members, the group of people whose rights are traded away to settle a class action. Lawyers have an interest in their fees, defendants have an interest in cheaply disposing of a lawsuit, and the class’ interests can take a back seat in the process. CCAF seeks to solve these problems by representing such class members pro bono and presenting judges with the other side of the argument. When CCAF prevails, lawyers get less, class members get more, and the rule of law is strengthened.

The New York Times says CCAF’s Ted Frank is “the leading critic of abusive class action settlements,” while Reuters called him a “class action maverick” and “among class action lawyers’ most feared objectors.”

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Over the years, we have gotten lots of inquiries about objecting to bad shareholder derivative settlements. We’d largely passed, because we had high hopes for…

Class Action Fairness

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