In an article titled, “Seventh Circuit Rejects ‘Scandalous’ Settlement,” Thomas Wilkinson, a member of Cozen O’Connor’s Commercial Litigation Department, discusses the U.S. Court of Appeals for the 7th Circuit's scathing rebuke of class counsel in an opinion reversing the approval of the settlement in Eubank v. Pella. Referring to the case as “eight largely wasted years,” to the settlement as “scandalous,” and to the terms as “[selling] out the class,” Judge Posner’s opinion dealt harshly with class counsel. Tom explains the red flags that rose throughout the case and the lessons judges and lawyers can take away from them.
To read the article, click here.