CLASS ACTION
January 1st, 2004
BY PHILIP FINE
DESPITE the political rhetoric that labels it "jackpot justice", the average US class-action award has been holding steady, says a recent study by two law school professors. Cornell University's Theodore Eisenberg and the University of New York's Geoffrey P. Miller found the average price of class-action settlements and the average fee to attorneys in such settlements has seen no "real dollar" increase in the past 10 years. The authors analysed data from all state and federal class actions between 1993 and 2002, where attorney ...
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