NEWS

Nationwide Class Action Cy Pres Award

On August 4, 2011, Judge Elaine E. Bucklo, United States District Court for the Northern District of Illinois, entered an order awarding nearly $6.5 million in unclaimed settlement funds to legal aid, public health care and public interest organizations.  Cafferty Faucher LLP was one of five co-lead counsel whose collective efforts helped secure one of the largest class action cy pres awards.  Jennifer Sprengel and Dom Rizzi headed the firm’s contributions.  Given the current economic climate, these awards will significantly increase the ability for legal aid and public interest organizations to meet the needs of individuals requiring assistance who would otherwise have little or no access.  Click Here for more information.

Insurance Brokerage Antitrust Litigation Settlement Reached

In re Insurance Brokers Antitrust Litigation (D.N.J).

On May 23, 2011, Plaintiffs filed a Motion with the Court seeking Preliminary Approval of a Settlement Agreement, with 12 of the remaining 16 Defendants in In re Insurance Brokers Antitrust Litigation (D.N.J.). The Settlement is for an aggregate amount of $41 million. Final approval of that Settlement was heard on September 14, 2011. For more information about that Settlement and to view a copy of the Detailed Notice of Settlement, please visit the settlement website at www.insurancebrokeragesettlement.com.