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June 3, 2008


State Senator Calls for Tying Class Action Fees to Actual Recovery

California state senator Tom Harman has a short position paper out with the Washington Legal Foundation. In it he advocates withholding a percentage of class action plaintiffs lawyers' legal fees until a sufficient search for all the clients is concluded, as a way to minimize the moral hazard intrinsic to class actions. An interesting read.

Posted by Michael Krauss at 3:24 PM | TrackBack (0)



categories:
Attorneys' Fees and Ethics
Class Actions









 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.