Lodestar fee OK’d despite plaintiff suit

Trial Notebook

By Steven P. Garmisa

Hoey & Farina

Posted November 17, 2015 3:16 PM

One of the targets of the Class Action Fairness Act is abusive settlements that give class members a trivial victory — with vouchers that are rarely redeemed — while simultaneously handing class counsel plush fees based on a percentage of the face value of the seldom-used coupons.Three subsections in Section 1712 of CAFA provide guidelines for attorney fees in “coupon settlements.” And Section 1712(a) was interpreted by the majority in HP Inkjet Printer Litigation, 716 F.3d 1173 (9th Cir.2013), as …

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