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No rise in class action recoveries or fees, study finds.

Publication: Trial
Publication Date: 01-MAR-04
Format: Online - approximately 704 words
Delivery: Immediate Online Access

Article Excerpt
Amid corporate cries that class action suits drive up the cost of doing business and damage the economy, a new study by two law professors has found that the average cost of settling a class action and average attorney fees have held steady for 10 years. (Theodore Eisenberg & Geoffrey P. Miller, Attorney bees in Class Action Settlements : An Empirical Study, 1 J. EMPIRICAL LEGAL STUD. 27 (2004), available at www.stern.nyu.edu/clb/2003/03-017.pdf.)

"Contrary to popular belief, we find no robust evidence that either recoveries for plaintiffs or fees of their attorneys as a percentage of the class recovery increased," wrote Theodore Eisenberg, of Cornell...

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