Seventh Circuit Judge Richard Posner on coupon settlements

As explained in this article by Daniel Fisher, Seventh Circuit judge Richard Posner recently had some tough questions for proponents of a class-action settlement in which the plaintiff-consumers got coupons (that's right, $10 coupons to purchase the defendant's products!) and the plaintiffs’ lawyers got cash (a million bucks in fees). That's nothing new — that's what coupon settlements always do — but you may want to listen to the Seventh Circuit argument just for the entertainment value.

Update: Judge Posner also said at argument that the plaintiff in a class action should not be "pals" with (or a former colleague of) the plaintiff's lawyer.

[HT – Jon Taylor]

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