Ted Frank of the nonprofit Center for Class Action Fairness (CCAF) requires his clients to pledge in their retainer agreements that they're not looking for financial payoffs in bringing objections to proposed class settlements. As Frank explained earlier this month in an extraordinary declaration at the 7th U.S. Circuit Court of Appeals, the purpose of the provision is to distinguish Frank and his nonprofit from "professional objectors" - lawyers and clients who file objections to big class action settlements in the hope that class counsel will pay them to go away. Since founding the Center for Class Action Fairness in 2009, Frank has said his motive is to correct class action abuses for his clients and other class members, not to help clients win extortionate payoffs.
from Reuters FYI:
Here's that flying car we were all promised: Long a staple of science fiction, the hoverbike could soon become reality. The U.S. Department of Defense has signed an agreement to develop the manned hoverbike for human use, in some cases replacing the helicopter. The quadcopter vehicle can also travel in a predetermined path, for solo missions.
from Tales from the Trail:
Where do Republican presidential hopefuls stand on permanently removing the Confederate flag from its place over the South Carolina State House in Columbia? The question over the flag, which many see as a symbol of racial hatred, surfaced after a white man shot dead nine black churchgoers in Charleston last week.
from Morning Bid with David Gaffen:
The main action for investors is a focus on that same problem – Greece. But hope springs anew on fresh reports of a cash-for-reforms deal in the hours jut before the latest LAST meeting to be held Monday evening Europaland-time.
Pope Francis asked forgiveness on Monday for the Roman Catholic Church's "non-Christian and inhumane" treatment in the past of the Waldensians, a tiny Protestant movement the Vatican tried to exterminate in the 15th century.