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Fogel v. Farmers Group: CCAF challenges $90m fee in claims-made settlement



The Fogel v. Farmers Group settlement seems impressive from the notice: $455 million! When you get to the fine print, it turns out that class members have to jump through hoops to claim amounts as small as under a dollar, and that anything not claimed will revert to Farmers affiliates. Even if the settlement was worth $455 million, the $90 million fee request is excessive. The Center for Class Action Fairness LLC has objected on behalf of two class members. More: LA Times; Consumer Watchdog.

Interestingly, class counsel is Thomas Girardi, who POL reported on here; the defense attorneys are Skadden, which represented Girardi in In re Girardi.

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Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.