Auctioning the Role of Class Counsel in Class Action Cases: A Descriptive Study.

摘要

Section II of this report describes our research methods. Section III highlights characteristics of cases where auctioning has been used. Section IV describes the judges rationale for auctioning the role of class counsel. Sections V and VI describe in detail the auctioning procedures used by the judges, including the process of evaluating bids and selecting the winning bidder. Section VII describes the class recoveries and attorneys fees in the terminated cases. The final section describes bidding and nonbidding judges experiences with appointing class counsel and summarizes their suggestions for improving the traditional method of appointment.