When Enough is not Enough: Frank v. Poertner - Podcast
Litigation Practice Group Podcast
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In this class action case, counsel for the plaintiffs received over 94% of the total cash recovery provided for in settlement – while the attorneys received $5,680,000 in fees, the millions of class members realized only $344,850. Objector Ted Frank’s petition for cert in the U.S. Supreme Court is pending. The petition essentially asks whether such an award is fair, reasonable and adequate under the Federal Rules of Civil Procedure. What will this case mean for the future of cy pres and class action litigation?
Featuring:
- Theodore H. Frank, Senior Attorney, Director of the Center for Class Action Fairness, Competitive Enterprise Institute