Comments on: “Odometer Settlement May Earn Class Lawyers $9.5 Million in Fees” https://www.overlawyered.com/2006/12/odometer-settlement-may-earn-class-lawyers-95-million-in-fees/ Chronicling the high cost of our legal system Sat, 16 Dec 2006 05:15:12 +0000 hourly 1 By: ChristianCB https://www.overlawyered.com/2006/12/odometer-settlement-may-earn-class-lawyers-95-million-in-fees/comment-page-1/#comment-5005 Sat, 16 Dec 2006 05:15:12 +0000 http://overlawyered.com/wpblog/?p=4281#comment-5005 I think Honda could argue that they add a small average to account for idle time. When you are sitting at a light, your odometer isn’t moving, but the miles are still adding up on the engine itself.

]]> By: dwight meredith https://www.overlawyered.com/2006/12/odometer-settlement-may-earn-class-lawyers-95-million-in-fees/comment-page-1/#comment-5004 Tue, 12 Dec 2006 15:40:21 +0000 http://overlawyered.com/wpblog/?p=4281#comment-5004 If it costs a $30 oil change, then that would seem like a pretty good deal. The linked article notes that 6,000,000 consumers would benefit. That suggests that legal fees for each consumer would be about a buck and a half. If they save $30, the the contingency fee is about 5%.

Nine million may seem like a lot but at $1.50 per client, it hardly seems out of bounds.

]]> By: Joe https://www.overlawyered.com/2006/12/odometer-settlement-may-earn-class-lawyers-95-million-in-fees/comment-page-1/#comment-5003 Tue, 12 Dec 2006 15:29:26 +0000 http://overlawyered.com/wpblog/?p=4281#comment-5003 The monetary impact of a 2-4% reduction in warranty life is non-negligible. If you assume that some portion of the average cost of a Honda (or Acura; a family member got a notice on this for a MDX) is for a warranty for a particular period, then 2-4% of the warranty component of the purchase price may well be less than $100 per vehicle, but not much less. Over the millions of vehicles potentially subject to this, the value recovered for the class is significant. Not that I’m a fan of class actions, but this may be one of the rare situations where there is a) a tangible benefit to the class (extended warranty…may not seem like much, but some percentage of the class membership will experience covered events in the interval between the old and new warranty mileages), and b) fees that are not outrageous in proportion to that benefit (although the fees may still be disproportionate to services rendered).

]]> By: John https://www.overlawyered.com/2006/12/odometer-settlement-may-earn-class-lawyers-95-million-in-fees/comment-page-1/#comment-5002 Tue, 12 Dec 2006 12:38:20 +0000 http://overlawyered.com/wpblog/?p=4281#comment-5002 One thing an aggressive speedometer/odometer does is indicate a higher than actual speed. If the manufactures put in precise speedos, the number of speeding tickets will go up. More money for lawyers and the government. Will the owners come back for relief from those tickets?

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