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CCAF objection in Fraley v. Facebook sponsored stories class action settlement

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The Center for Class Action Fairness filed an objection on Sam Kazman's and my behalf yesterday. The settlement would pay attorneys $7.5 million, and give some class members the opportunity to claim up to $10 from a net fund of about $9M to $10M—except the number of claims is likely to be high enough to preclude any class distribution at all. We've objected, inter alia, to the excessive fee request and to the Rule 23(a)(4) problems presented by class certification. We've been talking about this cy pres settlement for a year on Point of Law.

Public Citizen has also objected on overlapping, but different grounds. Amusingly, another objector, represented by an attorney who's been practicing for 25 years, filed a brief cut and paste from a several-year-old CCAF brief, so missed the opportunity to cite some more recent cases.

(CCAF is not affiliated with the Manhattan Institute.)

1 Comment

Yet another case that shows how incredibly broken the class action system is in this country, and how the bar does very little to reign in its members. The plaintiff's attorneys will, as usual, get big money while the supposedly horribly harmed class will, as usual, get a beautiful view of an upraised middle finger and an uncomfortable feeling in their posterior.

It is almost like this entire system was designed by lawyers for the benefit of lawyers.

Nah, couldn't be.

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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.