Profile image
By Competitive Enterprise Institute (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Seventh Circuit: Walgreens, Shareholder Settlement Little More than $370K Payday for Lawyers

Wednesday, April 5, 2017 10:09
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The Cook County Record discusses CEI's Center for Class Action Fairness' case in the Walgreens Co. Stockholder Litigation:

In the proposed settlement to end the litigation, Walgreens agreed to make certain disclosures, ostensibly to satisfy the concerns spelled out in Hays’ complaint. And the drug store chain agreed to pay $370,000 to the lawyers representing Hays and the other plaintiffs.

However, the settlement was challenged by the Competitive Enterprise Institute, which represented John Berlau, a Walgreens stockholder who had objected to the settlement. The Washington, D.C.-based CEI describes itself as a “nonprofit public policy organization dedicated to advancing the principles of limited government, free enterprise and individual liberty.” Among other ventures, the CEI operates the Center for Class Action Fairness, which has filed objections to numerous class action settlements its leaders believe unfairly benefit plaintiffs’ lawyers who may earn large fees, compared to purportedly nominal awards for class members.

Wednesday, August 10, 2016
Media appearance type: 


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.