Sentences with phrase «approval of class counsel»

This would provide a much - needed measure of predictability in the approval of class counsel's legal fees and would avoid all of the mind - numbing bluster about the time - value of work done or the risks incurred.

Not exact matches

[127] Professor Piché in her text Fairness in Class Action Settlements, supra at pp. 179 - 80 summarizes the various factors for the settlement approval test into seven factors; i.e.: (1) judicial risk analysis: likelihood of recovery, or likelihood of success on the merits weighed against amount and form of settlement relief; (2) future expense, complexity and likely duration of litigation; (3) class reaction: number and nature of objections; (4) recommendations and experience of counsel and opinion of interested persons; (5) adequacy of representation: good faith and absence of collusion; (6) discovery evidence sufficient for «effective representation» and (7) adequacy of notice of proposed settlement to absent class memClass Action Settlements, supra at pp. 179 - 80 summarizes the various factors for the settlement approval test into seven factors; i.e.: (1) judicial risk analysis: likelihood of recovery, or likelihood of success on the merits weighed against amount and form of settlement relief; (2) future expense, complexity and likely duration of litigation; (3) class reaction: number and nature of objections; (4) recommendations and experience of counsel and opinion of interested persons; (5) adequacy of representation: good faith and absence of collusion; (6) discovery evidence sufficient for «effective representation» and (7) adequacy of notice of proposed settlement to absent class memclass reaction: number and nature of objections; (4) recommendations and experience of counsel and opinion of interested persons; (5) adequacy of representation: good faith and absence of collusion; (6) discovery evidence sufficient for «effective representation» and (7) adequacy of notice of proposed settlement to absent class memclass members.

Class counsel will also be seeking approval for the payment of their legal fees and disbursements from the settlement fund, in accordance with the terms of their retainer agreement with the representative plaintiff.

Recently acted as lead counsel in defending several of the nation's largest retailers in consumer class actions across the country challenging the efficacy of a popular nutritional supplement; obtained court approval of a global settlement of less than $ 3 million (including attorneys» fees and notice costs).

Under the contingency fee agreement, Class counsel are to be paid a contingency fee of 33 1/3 % of the amount recovered in the Class Action, but that amount remains subject to the approval of the court before it can be paid.

Class counsel were listed as Scott Powell, John Haley, Ralph Cook, Bruce McKee, Brian Vines and Tempe Smith of Hare Wynn Newell & Newton LLP, John Somerville of Somerville LLC and Tim Francis of Francis Law LLC in a 2016 news release announcing the final approval order.

The article provides «a list of issues which often seem to pose problems when counsel file motions for preliminary approval of [class action] settlements.»

At the final approval hearing, the district court explained the settlement «particularly its size, is attributable in no small measure to the skill of class counsel and the litigation strategy it employed.»