Class action objector Theodore Frank is now up to $271 million. That’s the sum total of plaintiffs lawyer fees that he says he’s persuaded courts to wipe out after he or his group, the Center for Class Action Fairness, sounded the alarm about a class settlement.
Frank’s latest victory came last week, when Judge Richard Posner of the U.S. Court of Appeals for the Seventh Circuit rejected a nationwide settlement on behalf of people who bought certain glucosamine supplements, finding the deal to be thoroughly deficient. Most of the relief—valued by the lower court at $20.2 million—didn’t actually benefit the class, and the plaintiffs lawyers’ $2 million fee wasn’t justified by such “meager benefits,” the judge found.
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