“One side pretends to more sophistication and the other to fewer funds…”

by Walter Olson on January 22, 2013

Andrew Trask notices an article in The Economist on the economics of bargaining between shipowners and Somali pirates, and realizes that the insights carry over to the economics of bargaining between defendants and class action lawyers. No prizes for guessing which side in the negotiation parallels that of the lawyers [Class Strategist]