A federal judge asked Blawgletter a few years ago what we thought about "cy pres" (sounds like "sigh pray") payments in class actions. The judge had in mind a method of dealing with money that a class settlement or judgment produces but that for one reason or another doesn't find its way into
settlement
Class Fee Fight Nets Bigger Pay for Renegade
By Barry Barnett on
The Seventh Circuit last week settled a battle over a fee award to class counsel by lifting a cap that, the court held, the district court set for no good reason. But only one lawyer got the benefit of the rising tide. In re Trans Union Corp. Privacy Litig., No. 10-1154 (7th Cir. Jan.
Third Circuit Cuts Global Diamond Class
By Barry Barnett on
DeBeers, the diamond behemoth, limited supply of and fixed prices on sparklies for years and years and in all 50 states plus the District of Columbia. But it sold to only a small group of outfits, none of which dared sue the font of their mercantile wealth.
That didn't stop indirect purchasers from bringing cases…