Attys Tend To 'Buy Themselves Off' In Class Deals, Judge Says
Law360, New York (November 7, 2014, 6:53 PM EST) -- The potential for huge paydays for plaintiffs attorneys settling class actions can pose an "inherent conflict" that interferes with the goal of negotiating the best deal for their clients, Ninth Circuit Chief Judge Alex Kozinski told a conference Friday, saying: “There's a tendency for lawyers to buy themselves off.”
Judge Kozinski, himself an objector in a proposed consumer class action in California federal court over allegedly weak Nissan lithium batteries, quipped that class actions seem to "wind up generating a lot of money for lawyers." He made the remarks at a class action litigation conference in New York City Friday, hosted...
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