"Since the Class Action Fairness Act was enacted in early 2005, no nationwide class actions in federal court may be settled for coupons unless the lawyers' fees are based on a percentage of the redeemed coupons (not their face value)."
"Since the Class Action Fairness Act was enacted in February 2005, the amount of attorney fees for plaintiffs' class action lawyers (in federal cases) can only be tied to the amount of coupons actually redeemed, not to their face value."
"Keep this in mind the next time you hear the oft-repeated maxim that "there is no benefit to consumer class actions," or its close cousin, "only the lawyers benefit from class actions.""
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