The U.S. Court of Appeals for the Seventh Circuit yesterday vacated certification and directed the trial court to dismiss with prejudice the latest “empty suit” class action wherein class members suffered no real injury and wasted precious court resources merely to register their dissatisfaction with a product
Points of LightThe 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
Points of LightThe U.S. Court of Appeals for the Seventh Circuit tossed out a “scandalous” settlement stemming from a Pella window consumer protection class action suit that would have paid the plaintiffs’ attorneys $11 million up front, with $2 million going to the ethically-challenged lead counsel. It’s just one more example of how state Consumer Protection Acts are abused
Judicial Hellholes