Wednesday, May 15, 2013

Ninth Circuit -- NICKLOS CIOLINO V. THEODORE FRANK

Under CAFA, court can't award lodestar fees for any portion of the recovery which is in the form of coupons to class members without first assessing the value of the coupons.

Dissent:  This provision of CAFA only applies to non-lodestar (percentage) fees.

NICKLOS CIOLINO V. THEODORE FRANK
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Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.