Peter Saparoff and Bret Leone-Quick will speak on the panel, "The Good, the Bad and the Ugly: Ethical Issues in Class Action Settlements and Opt Outs," at the ABA Section of Litigation Section Annual Conference.
Class-action settlements face scrutiny like never before. The courts have reversed attorney-fee awards, sent “cy-prés” recoveries to charities back to the drawing board, and found conflicts that precluded class settlements altogether, or required counsel to forfeit their fees. Meanwhile, institutional investors are increasingly solicited to opt out of securities class action settlements. This panel offers practical guidance on the new ethical dilemmas.