Class Action Lawyers Take More Money From Settlements Than Class Members

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April 09, 2020

A detailed examination of eight years of consumer class actions in federal court by Jones Day attorneys confirms that consumers received only a tiny fraction of the money awarded in class actions cases while plaintiff lawyers frequently claimed a bigger share of the settlement, according to a report in Legal Newsline.

The study looked at class actions alleging economic loss from false advertising or other forms of consumer fraud. These cases are particularly prone to abuse since there is no reliable way of determining who belongs to the class. In this type of case, plaintiff lawyers typically recruit lead plaintiffs to represent class members.

04/09/2020