Sometimes the facts get in the way of the law. The case of Charles D. Chalmers is a good example. Chalmers has been appealing the court-approved settlement of a securities class action in which plaintiffs' lawyers cut a deal with defendants without informing him that he was a "lead plaintiff" in the case. The case confronts a core issue under a 1995 law that was intended to curb abuses by class action lawyers and end the phenomenon of "lawyer-driven" litigation.
December 16, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Sometimes the facts get in the way of the law. The case of Charles D. Chalmers is a good example.
Mr. Chalmers has been appealing the court-approved settlement of a securities class action in which plaintiffs’ lawyers cut a deal with defendants without informing him that he was a “lead plaintiff” in the case.
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