Sentences with phrase «where class action settlements»

Appendices A and B of this paper provide further examples where class action settlements are either a negligible amount, or benefited a negligible number of class members.

Not exact matches

However I think bifurcating class action settlement approval into a damages stage and a fees stage could have significant distributional consequences in the more typical class action where counsel fees are quite large relative to damages (e.g. 20 % +).

Even Democrats disapprove of those coupon settlement shakedowns, where lawyers make big fees as part of coupon settlements that either sell good cases short, or satisfy the extortive demands that come with a frivolous class action.

In certifying the class action against the settling defendants, Perell J. noted that even in situations where certification is sought for settlement purposes, all of the criteria for certification under s. 5 (1) of the Class Proceedings Act, 1992, S.O. 1992, c. 6 must still be met (though compliance with the criteria is not as strictly required because of the different circumstances associated with settlemeclass action against the settling defendants, Perell J. noted that even in situations where certification is sought for settlement purposes, all of the criteria for certification under s. 5 (1) of the Class Proceedings Act, 1992, S.O. 1992, c. 6 must still be met (though compliance with the criteria is not as strictly required because of the different circumstances associated with settlemeClass Proceedings Act, 1992, S.O. 1992, c. 6 must still be met (though compliance with the criteria is not as strictly required because of the different circumstances associated with settlements).

Yet the certification of this action and approval of the settlement will deny the benefit of this provision to members of the class who have not yet come to a place where they are capable of disclosure.

Some commentators have suggested that this decision could endanger nationwide class action settlements in cases governed by state law (it's not a problem where federal law applies).

Judge Posner's remarks were filled with unique insights and a few zingers including his comment that class action settlements are «an invitation to shenanigans» where, in his view, the class is at the mercy of the plaintiffs» attorneys, and the Defendants interested in getting off as lightly as they can, so the judiciary has an important role in scrutinizing the terms.

This class action suit comes on the heels of Fidelity agreeing to pay a $ 1.25 M settlement to the state of California for alleged RESPA kickbacks violations after a previous case that led to a 2011 settlement where Fidelity agreed to pay the federal government $ 4.5 M for the same violations.