Fraley V. Facebook: Impact On Class Action Litigation

Law360, New York (September 17, 2012, 1:02 PM EDT) -- It is not uncommon in class actions for parties to reach a settlement that provides nonmonetary relief to the plaintiffs and a payment of attorneys’ fees to class counsel. In August, however, a California federal court denied preliminary approval of such a settlement. The court questioned the propriety and reasonableness of a proposed cy pres award — one in which funds would be awarded to a third party because distributing funds to the class would not be feasible — and, more importantly, questioned the amount of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.