Focus (Forum & Focus)
Aug. 20, 2008
Rewarding the Head of the Class
Class representatives deserve extra compensation for bearing burdens not shared by the other class members; it is only fair that they be rewarded when their efforts bear fruit, writes Mark Labaton. - Forum Column
This article appears on Page 4
The Private Securities Litigation Reform Act of 1995 prohibits bonus awards to class representatives in securities class actions. It is time to end that bar. Class representatives should be eligible for awards based on their contributions to class-wide litigation.
Such a change in law might not happen soon, but allowing bonus awards...
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