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Browse: Home / 2016 / August / 12 / Posner opinion blasts class actions that are ‘no better than a racket’

Posner opinion blasts class actions that are ‘no better than a racket’

By Securities Docket on August 12, 2016, 10:32 am

“In this case the benefit for the class was not meager; it was nonexistent,” Posner wrote. “The type of class action illustrated by this case—the class action that yields fees for class counsel and nothing for the class—is no better than a racket. It must end. No class action settlement that yields zero benefits for the class should be approved, and a class action that seeks only worthless benefits for the class should be dismissed out of hand.”

via Posner opinion blasts class actions that are ‘no better than a racket’.

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Posted in Class Actions, Top | Tagged M&A Cases

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