Richard Somade
- Apr 6, 2017
Class Action Settlements in Deal Litigation - Propriety of Court’s Consideration of Fairness of Sett
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 l