Mian v. Donaldson, Lufkin & Jenrette Securities Corp.

holding that review of fees was necessary in all class action settlements to prevent both abuse of appearance and public misunderstanding | overturning nationwide class settlement but noting that courts have certified nationwide class actions relying on capacity for court to decertify or redefine class subsequently if case becomes unmanageable | overturning nationwide class settlement but noting that courts have certified nationwide class actions relying on capacity for court to decertify or redefine class subsequently if case becomes unmanageable | “Although it is alleged that the officers made statements under the threat of job loss, these statements were not used against them in any criminal proceeding.” | "[A]lthough it is alleged that the officers made statements under the threat of job loss, these statements were not used against them in any criminal proceeding." | "One sign that a settlement may not be fair is that some segments of the class are treated differently from others.” | describing "fiduciary responsibility" of courts in class actions | describing “fiduciary responsibility” of courts in class actions