Update: An Empirical Analysis of Federal Consumer Fraud Class Action Settlements (2019–2020)

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Class action settlements in consumer fraud cases have generated significant controversy. Critics opine that these settlements primarily benefit lawyers, and that class members have often suffered little or no injury to begin with. These criticisms frequently turn to calls for legal reform. Our Jones Day White Paper published in April 2020, “An Empirical Analysis of Federal Consumer Fraud Class Action Settlements (2010–2018),” analyzed data showing that lawyers—not class members—frequently are the ones primarily benefitting from monetary settlement awards.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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