Seth Lesser, a partner at Klafter Olsen & Lesser, was co-lead counsel in litigation that resulted in United States District Court Judge Janet Bond Arterton granting preliminary approval of a $24.4 million settlement with John Hancock Life Insurance Company on behalf of African Americans, who bought, own, are insured by, or are beneficiaries of industrial weekly life insurance policies or monthly debit policies by John Hancock prior to 1959.
Originally filed in 2003, the case focused on practices that allegedly denied the full range of available life insurance policies to African Americans. It is believed to have stemmed from a system in which Hancock didn’t pay commissions to sales agents for sales to African Americans.
According to the terms of the settlement, class monetary fund of $24.4 million, plus interest is to be established and calls for a jointly selected Special Master to oversee disbursement of funds to class members who will receive up to $1,200 per affected policy. Any unused funds will be donated to organizations that predominately benefit African Americans.
"We are pleased that the Court took the next step in the process that we expect will ultimately result in welcome relief to the class,” said Seth Lesser.
Cyrus Mehri, co lead counsel also added that "This case is a perfect example that the long arc of history bends towards justice. With this outstanding result an important chapter is closed in a way that is fair to both our clients and the Company."
In 1988, Seth Lesser earned his Juris Doctor from Harvard Law School, graduating magna cum laude while having served as Editor of the Harvard Environmental Law Review and Editor of the Harvard International Law Journal.
Seth Lesser is admitted to practice in New Jersey, New York and the District of Columbia as well before the United States Supreme Court, nine federal courts of appeal, and eight federal district courts. His professional appointments have included memberships on numerous national, state and local bar association committees and other professional organizations.
Showing posts with label Seth Lesser. Show all posts
Showing posts with label Seth Lesser. Show all posts
Wednesday, September 30, 2009
Wednesday, September 23, 2009
Seth Lesser and Multi District Litigation
Over the past twelve years, Seth Lesser has been successfully prosecuting cases on behalf of investors, consumers, mass tort victims and employees throughout the United States.
Admitted to practice in New Jersey, New York and the District of Columbia as well before the United States Supreme Court, nine federal courts of appeal, and eight federal district courts, Seth Lesser has frequently been appointed by federal judges to be lead or co-lead counsel in multiple multi-district litigation proceedings.
In the United States, multidistrict litigation (MDL) refers to a special federal legal procedure intended to speed the process of handling complex cases such as air disaster litigation or product liability suits. Cases subject to MDL go from one court to another for pre-trial proceedings before being remanded to the originating court for trial. The Judicial Panel on Multidistrict Litigation determines whether cases should be consolidated under MDL and where to transfer the cases, in order to fast track trials that could involve thousands of plaintiffs.
Seth Lesser’s MDL experience includes, among others: MDL-1346 (In re Amazon.com) (sole lead), MDL-1352 (In re Doubleclick Inc.) (co-lead), and MDL-1400 (In re Pharmatrak) (co-lead). In addition, he has recently been Co-Lead Counsel in MDL-1708 (In re Guidant heart devices) pending in the District of Minnesota; sole lead counsel in In re: Grand Theft Auto Video Game Consumer Litigation (No. II), MDL-1739, in the Southern District of New York; sole lead counsel in In re Pepsico, Inc. Bottled Water Sales Practices, MDL-1903, also in the Southern District of New York.
He has also been on numerous MDL Executive/Steering Committees. For instance, he is currently on the Executive Committee in MDL-1845 (ConAgra Peanut Butter Products Liability Litigation) and is presently class counsel in several litigations.
Subscribe to:
Posts (Atom)
