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.)