Class actions present an agency problem between class representatives/attorneys and the class members. The representatives’ interests might compete with those of the absent class members, and so the former may bind the latter to a litigation process or outcome which favors the representatives and jeopardizes the interests of the class. Vice Chancellor Glasscock of the Court of Chancery of Delaware explained the agency problem that bedevils class action settlements in a deal litigation as follows: “settlements in class actions present a well-known agency problem: A plaintiff's attorney may favor a quick settlement where the additional effort required to fully develop valuable claims on behalf