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Class Action Rip-Off -- 900% Contingent Fee -- I Can't Stand It Anymore

As Ted Frank has reported elsewhere, he (thanks to his Center for Class Action Fairness) is my attorney in an objection I have filed to a proposed class action settlement.

The class, subscribers to Classmates.com, is to receive next to nothing in the settlement (the grand total distributed is just over $100,000). Plaintiffs' attorneys get just over $1,000,000 for this magnificent service -- a tidy 900% contingency. The class judge gets to distribute $500,000 to the charity of his choice -- is this a way of ensuring approval of the settlement? To object, four different letters must be posted -- the stamps themselves may cost more than any payoff for prospective objectors. Well, I (though my attorney) am objecting. Hopefully, my case will produce a new precedent precluding such abuse.



Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute

Katherine Lazarski
Press Officer,
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.