Webcast: Corporate Law Symposium on Aggregate Litigation
The webcast will be available Wednesday, April 6. Please return then.
One goal of the Class Action Fairness Act of 2005 was to curb settlements where counsel are awarded large fees, but class members receive awards of little or no value. To that end, laws have been put in place requiring additional scrutiny of “coupon” settlements. But has this fixed the problem? According to Theodore H. Frank, called a leading tort-reform advocate by the Wall Street Journal, incentives for class action attorneys to negotiate high fees for themselves at the expense of claimants have not disappeared. In fact, parties are using numerous mechanisms to exaggerate the value of class settlements to rationalize disproportionate fees. Mr. Frank will discuss these strategies and what can be done to combat them during a lunch hour speech at the University of Cincinnati College of Law’s Corporate Law Symposium, April 1, 2011.
Mr. Frank is the founder and president of the Center for Class Action Fairness, a public-interest law firm which represents consumers dissatisfied with their counsel in class actions and class action settlements. He has led a varied legal career, successfully fighting for consumers in the high-profile Grand Theft Auto consumer fraud case, defending Vioxx liability cases, and serving on defense teams for antitrust and patent cases.
The 24th annual day-long corporate law symposium, held 8:45 a.m. – 4:45 p.m. on April 1, 2011, has for its topic “The Principles and Politics of Aggregate Litigation: CAFA, PSLRA, and Beyond.” Today, the hot-button issue of aggregate litigation has moved to the forefront as courts work out implementation of Congress’s efforts to rein in perceived abuses. The symposium will include theory, empirical data, and practical insights from academics, practitioners, and others exploring aspects of aggregate litigation and its impact on business and society.
For more information about the event, visit the symposium website ; additionally, the symposium will be webcast for those who cannot attend.