He ObjectsIssue 08-07-17 |
Ted Frank is an attorney and the director of the Center for Class Action Fairness at the Competitive Enterprise Institute, a Washington think tank. He shows up at court to challenge settlements, often with the goal of scuttling them, to the dismay of both plaintiffs’ attorneys and companies that just want to put the suit behind them. He represents only clients who refuse to take money to drop the objection.
His goal, he says, is to make it more difficult and less profitable for lawyers to pursue what he considers to be abusive suits. Although substantially fewer merger lawsuits are being filed today than just two years ago, since Ted Frank has helped to limit the number of merger suits he considers frivolous being filed, he’s unlikely to stop the practice completely.