Class Action: CAFA Required Coupon Redemption Rate To Be Factored Into Fee Award Calculus
Cases: Class ActionsDissent Believes Lodestar Calculation Can Be Used, With Redemption Rate Being a Limitation on the Percentage of Recovery Test. In a 2-1 decision authored by Circuit Judge Smith, the Ninth Circuit in In re HP Inkjet Printer Litig. (Ciolino v. Frank), Case No. 11-16097 (9th Cir. May 15, 2013) (published) reversed a $1.5 […]
