Monday, December 14, 2009

Objection to Yahoo! "Sponsored Search" settlement

In In re Yahoo! Litigation, Case No. CV06-2737 CAS (FMOx), plaintiffs’ lawyers seek approval to settle a class action over alleged problems in its "Sponsored Search" web advertising service with zero dollars for the vast majority of class members, but seek over $4.1 million in attorneys’ fees. The Center for Class Action Fairness filed an objection on behalf of Eric Turkewitz, a New York personal injury attorney and blogger. As the brief says, “It would be an abuse of discretion to reward these attorneys with a contingency fee of over 80,000% when they failed to make the millions of dollars of settlement money available to their putative clients, instead claiming it solely for themselves.”

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