ILR - Institute for Legal Reform

02/17/2017 | Press release | Distributed by Public on 02/17/2017 08:34

In the News Today - February 17, 2017

Make Class Action Lawsuits Benefit People, Not Lawyers: Lawyers, not consumers, are the main beneficiaries of class actions today. Take, for example, a class action lawsuit against a beverage company for allegedly implying that a product called 'vitaminwater' was healthy. The case settled. The lawyers got $1.2 million in fees and the class members got $0. The Fairness in Class Action Litigation Act (FICALA) would ensure that the core purpose of class actions is to compensate allegedly injured consumers, not to make lawyers rich. (ILR Blog)

U.S. Court of Appeals to Review Constitutionality of CFPB: The full U.S. Court of Appeals for the D.C. Circuit will review the ruling that found the structure of the Consumer Financial Protection Bureau (CFPB) unconstitutional due to the 'massive, unchecked power' of the agency. (The National Law Journal)