Comments on: A Thousand Little Refunds, Plus Attorneys Fees

By: nevins

nevins — Thu, 04 Oct 2007 00:48:43 +0000

The ‘plaintiffs’ got 3%? Their lawyers must have been feeling generous that day.

[DMN: not yet; that’s what the lawyers are requesting.]

By: billb

billb — Tue, 02 Oct 2007 22:54:47 +0000

Sounds like we ought to limit class action attorneys’ fees by the percentage of class members that avail themselves of a settlement. Being generous, I’d give the plaintiffs’ attorneys a factor of two. I.e., if 50% of the class takes the settlement, they can have their full fee, otherwise they lose out proportionately (and, no, they’re not entitled to a bonus for more the 50% participation). Costs of notifying class members, beyond a first-class letter, single email, and website, to be borne by the plaintiffs at their discretion.

By: wavemaker

wavemaker — Tue, 02 Oct 2007 17:20:10 +0000

Jeez, sounds like a bargain compared to the securities fraud class actions. I got a check once for $4.79 and the attorneys got $33 million.

By: Deoxy

Deoxy — Tue, 02 Oct 2007 14:18:20 +0000

ARG!

Sadly, I, too, predicted this, but I honestly HOPED to be wrong, that suing someone to force them to do something THEY HAD ALREADY DONE would not b profitable, but alass, the lawyers have just as tight a stranglehold on us as I expected.

They might save time by just resorting to actual robbery. The morality of it is the same.