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August 11th, 2016

Could ‘Posner Principle’ Doom Preposterous, ‘No-Injury’ Class Actions?

The U.S. Court of Appeals for the Seventh Circuit yesterday endorsed the Delaware Court of Chancery’s January ruling that so-called “disclosure-only” settlements in shareholder class actions need to reveal a “plainly material misrepresentation or omission,” and reversed a district court’s approval of a disclosure-only settlement between Walgreen Co. and investors . . . → Read More: Could ‘Posner Principle’ Doom Preposterous, ‘No-Injury’ Class Actions?

July 19th, 2016

Federal Courts in Two Top Hellholes Issue Refreshingly Reasonable Class-Action Decisions

Federal courts in both California and New York — two perennial Judicial Hellholes — issued refreshingly reasonable decisions in two closely-watched cases last week . . . → Read More: Federal Courts in Two Top Hellholes Issue Refreshingly Reasonable Class-Action Decisions

October 23rd, 2015

‘Footlong’ Settlement: Lawyers Feed, Consumers Fast

As is almost always the case with contrived consumer class actions, lawyers who served up the now infamous Subway “footlong” litigation are poised to feed on more than a half-million dollars in fees while their putative clients go hungry . . . → Read More: ‘Footlong’ Settlement: Lawyers Feed, Consumers Fast