Paments from named class members to class counsel

[Guest nicktaldone]

I am determining whether to represent a group of employees in an action involving a cash balance conversion. Do you have any suggestions on how administer payments from the named class members to start a "litigation fund"? There are about 50 to 100 individuals out of a class of 4000 who are willing to be named plaintiffs and pay a few hundred dollars? Should one of the ringleaders handle the administration? Should my law office? What are the ethical issues?

[Guest Brian Ortelere]

Nick

My practice is limited exclusively to defending ERISA class actions. Send me an e-mail at ortelerb@pepperlaw.com and I will give you some names of ERISA plaintiff class counsel who might be willing to give you some pointers.

Brian Ortelere