- Elizabeth Chamblee Burch, Publicly Funded Objectors, 19 Theoretical Inquiries in Law 47 (2018).
- Brian T. Fitzpatrick, Can and Should the New Third-Party Litigation Financing Come to Class Actions?, 19 Theoretical Inquiries in Law 109 (2018).
The modern class action turned fifty last year in the United States, and this year celebrates a quarter-century in Ontario, the first English-speaking province in Canada to enact class action legislation. On these anniversaries, scholars on both sides of the border, and around the world, are taking stock of class actions. A common theme in many of these discussions is whether class actions are achieving their intended purpose. Specifically, do they result in adequate compensation for class members? Or is the temptation for self-interest among plaintiffs’ counsel so great that the interests of class members are inevitably subservient?
Important analyses on these and other critical questions, from doctrinal, comparative, and normative perspectives, are brought together in a special volume of Theoretical Inquiries in Law published in early 2018, entitled Fifty Years of Class Actions – A Global Perspective. Contributions by Elizabeth Chamblee Burch and Brian T. Fitzpatrick tackle the thorny question of compensation from the same starting point—that the entrepreneurial and representative nature of class actions creates risks for under-compensation of class members. They explore different aspects of the problem. Burch focuses on strengthening the role of objecting class members at the settlement approval hearing. Fitzpatrick focuses on using private claims investment to reduce the risk that plaintiffs’ lawyers will settle for too little. Each contributes to an important discussion about the importance of fairly compensating the class. Continue reading "Questions of Funding and Compensation on the 50th Anniversary of Modern Class Actions"