Visitors Now:
Total Visits:
Total Stories:
Profile image
By Competitive Enterprise Institute (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

In approving VW deal, Judge Breyer dispatches with fee objections

Friday, October 28, 2016 10:12
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Reuters reports on CEI's objection to the Volkswagen emissions settlement that was a bad deal for class members. 

The most provocative objection to Volkswagen's $14 billion settlement with owners and lessees of its 2.0-liter engine clean diesel cars came, as usual, from the class action commandos at the Competitive Enterprise Institute. Citing law and economics theory, CEI lawyers Anna St. John and Ted Frank argued that U.S. District Judge Charles Breyer of San Francisco should not be bamboozled by the parties' decision to defer class counsel's fee request until after approval of the underlying settlement.

According to CEI, any fees for the private attorneys who negotiated the VW settlement alongside lawyers from the U.S. Justice Department and the Federal Trade Commission was money that should have gone to class members. Even though the fee request was to be negotiated separately, CEI argued, VW had undoubtedly factored the eventual award into its calculations of what the company was willing to pay to settle the case.

Besides, CEI asserted, class counsel didn't obtain any benefits for clean diesel owners and lessees that they wouldn't otherwise get from the government's agreements with Volkswagen.

Read the full article at Reuters

Date: 
Tuesday, October 25, 2016
Citation: 
Experts: 
Anna St. John
Ted Frank
Publication Type: 

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.