Editor’s note: Earlier this month, I posted an entry entitled Class Action Claims Aggregators, the Latest Innovation in Entrepreneurial Litigation, an admittedly glib post that inaccurately described the phenomenon of private companies aggregating class action settlement claims for clients as a new one. As it turns out, these services have existed for years. Adam Savett, attorney and Director [...]
Posts Tagged ‘class action settlement’
Setting the Record Straight on Class Action Claims Aggregators
Posted in Articles, Class Action Trends, tagged antitrust class action, claims compensation bureau, class action claims aggregator, class action settlement, securities class action on April 28, 2011 | Leave a Comment »
Public Interest Objectors in Class Action Settlements
Posted in Articles, Class Action Settlements, Practice Tips, tagged appropriate government official, class action notice, class action settlement, coupon settlement, cy pres, nonprofit objector, organized objector, professional objector, public interest objector, reversion on April 21, 2011 | 1 Comment »
Recently, I have commented on two types of objectors in class action settlements. This March 31 entry discusses the problem of so-called “professional” objectors. And this April 12 entry addresses objections raised by government officials. There is at least one other type of organized objectors to class action settlements: public interest organizations. (I use the term “organized objectors” to distinguish these types [...]
Class Action Claims Aggregators, the Latest Innovation in Entrepreneurial Litigation
Posted in Class Action Trends, tagged class action aggregator, class action settlement, investor, liquidclaims, sec enforcement, securities class action, securities fraud, settlement administrator, settlement claim on April 14, 2011 | 1 Comment »
An article published Tuesday by John D’Antona Jr. at Trader’s Magazine Online News entitled Getting a Piece of the Class Action Pie discusses a creative new idea for making a buck on class action settlements. The article discusses a service offered by a New Jersey financial technology company called LiquidClaims, Inc. According to the article, LiquidClaims has an algorithm that matches [...]
Cornerstone Research Issues Annual Report on Securities Class Action Settlements
Posted in Class Action Settlements, Class Action Trends, Reports and Surveys, Securities Class Actions, tagged "plaintiff-style" damages, accounting principles, class action settlement, cornerstone research, institutional investor, pslra, reform act, securities class action, securities class action settlement on March 16, 2011 | Leave a Comment »
Yesterday, Cornerstone Research published its annual report titled Securities Class Action Settlements–2010 Review and Analysis. Among the findings in this year’s report: The number of approved securities class action settlements was at a 10-year low The total dollar value of settlements decreased 17% from 2009 to 2010, The median settlement amount was up 40%, but the average [...]
Long Live the Reversionary, “Claims-Made” Settlement
Posted in Class Action Settlements, Commentary, tagged claims made settlement, class action reform, class action settlement, cy pres, reversion, reversionary settlement on February 23, 2010 | Leave a Comment »
The other day, a colleague tipped me off to a December 2009 blog posting by Oakland, California employment and civil rights attorney Bryan Schwartz entitled Death to the Reversionary, “Claims-Made” Settlement, a thoughtful, well-written article with which I completely disagree and to which I felt compelled to respond. Schwartz is critical of what he alternatively calls [...]
“What Would King Solomon Do?” or “Justice Is No Joke”
Posted in Class Action Humor, Class Action News, class action reform, Commentary, tagged class action settlement, coupon settlement, gift card settlement, judge brett c. klein on February 4, 2010 | Leave a Comment »
A Los Angeles County Superior Court judge’s attempt to exact poetic justice out of a proposed gift card settlement has resulted in a censure by the California Commission on Judicial Performance, according to this article from the legal humor blog, Lowering the Bar. The censure stems from a ruling on a motion for final approval of a settlement [...]
Yet More on Cy Pres
Posted in Articles, class action reform, Class Action Settlements, tagged class action settlement, cy pres, reversion on December 17, 2009 | 1 Comment »
Cy pres awards continue to be a hot topic both in the news and in academia. The latest contribution comes from Columbia law student Sam Yospe, whose article entitled Cy Pres Distributions in Class Action Settlements (Columbia Business Law Review, forthcoming) examines judicial discretion in choosing cy pres awards and makes practical suggestions for reform. Yospe’s article [...]
More on Cy Pres
Posted in class action reform, Class Action Settlements, Class Action Trends, Commentary, tagged class action settlement, common fund, cy pres, payment to charity, reversion, settlement distribution on October 28, 2009 | 1 Comment »
Over the past week, I have received two separate requests for comment on cy pres awards to charity in class action settlements. Evidently it’s on readers’ minds, so I thought I’d give some thoughts on the subject here. Cy pres distributions to charity are one of several ways of dealing with a common problem in class action settlements: [...]
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Warding Off “Professional” Objectors to Class Action Settlements
Posted in class action reform, Class Action Settlements, Commentary, Practice Tips, tagged class action, class action reform, class action settlement, collusion, objection, predatory, professional objector, settlement notice on March 31, 2011 | 3 Comments »
Legal commentator and unabashed crusader for class action reform, Lawrence W. Schonbrun, has a new article on The Huffington Post discussing so-called “professional” objectors in class action lawsuits. Schonbrun criticizes what he believes is hypocrisy in plaintiffs’ class action lawyers attempting to vilify those who seek to object to class action settlements for profit because, in his view, many class [...]
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