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March 5, 2015

Attorneys: Unclear TCPA regulations lead to windfall for class action plaintiffs’ counsel

Christopher M. Cascino and Jennifer A. Riley, both of Seyfarth Shaw LLP, write in Lexology of the severe penalties and windfall awards currently being handed out in Telephone Consumer Protection Act litigation.

The attorneys refer to In Re Capital One Telephone Consumer Protection Act Litigation, in which Judge James Holderman of the U.S. District Court for the Northern District of Illinois recently approved an “unprecedented $75,455,099 settlement” for 1,378,534 class members in a TCPA class action and “awarded plaintiffs’ counsel a whopping $15,668,265 in fees.”

“As employers and business are increasingly aware,” write Cascino and Riley, “TCPA class actions are becoming ubiquitous because of the severe penalties imposed by the statute and the ability of plaintiffs’ attorneys to leverage those penalties to acquire large settlements and windfall fee awards.”

Read the full column here.

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