Promoting Fairness and Equity: How Common Benefit Funds Support Complex Litigation Cases
PHILADELPHIA, PA – Common benefit funds (CBFs) play a crucial role in ensuring fairness and equity in the distribution of legal fees and expenses in aggregate and complex litigation. They are particularly relevant in cases such as class actions, mass torts, trust and securities, and multidistrict litigations (MDLs), where an ad hoc or judicially appointed committee or team of attorneys prosecute the litigation. These funds serve to recognize and compensate the attorneys who dedicate their time, expertise, and resources to advancing the interests of the plaintiffs involved in a specific litigation, including litigants who are … Read more