Pioneering Judges Keep A Closer Eye On Class Action Deals
Law360 (July 16, 2018, 5:43 PM EDT) -- In a nascent trend that could impact a range of class actions in the employment, securities, consumer protection and product liability spheres, some diligent judges are beginning to track settlements after granting final approval — adding a so-called third phase of review to ensure class members get the relief they are due.
One recent example is U.S. District Judge Vince Chhabria's work overseeing Wells Fargo's $142 million settlement with an estimated 3.5 million customers who were charged fees for accounts they never authorized. During a case management conference in March, after the preliminary approval stage but before final approval had been...
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