https://www.law.com/2023/03/24/is-it-time-for-the-u-s-supreme-court-to-review-incentive-awards-to-class-reps/
U.S. Supreme Court structure in Washington, D.C. (Credit: Diego M. Radzinschi/ALM).A minimum of 2 petitions for a writ of certiorari are pending prior to the U.S. Supreme Court over reward awards, which compensate class agents for their included time and work.
March 24, 2023 at 04:00 PM
7 minute read
What You Required to Know
- This month, the U.S. Court of Appeals for the Second Circuit discovered that reward awards were ‘at finest suspicious’ under U.S. Supreme Court precedent going back to the 1880s.
- Petitions to evaluate choices by the Eleventh and Second Circuits are pending prior to the U.S. Supreme Court.
- There is growing cynicism about reward awards, especially amongst federal judges who evaluate class action settlements.
When the U.S. Court of Appeals for the Eleventh Circuit revoked reward awards 3 years earlier, the class action bar was stunned and called the choice an “outlier.”
The shock has actually disappeared. And it’s no longer an outlier.
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