Comments on: “Billion-dollar asbestos fight underway in Charlotte court” https://www.overlawyered.com/2013/08/billion-dollar-asbestos-fight-underway-charlotte-court/ Chronicling the high cost of our legal system Wed, 07 Aug 2013 03:08:21 +0000 hourly 1 By: Old Asbestos Defense Lawyer https://www.overlawyered.com/2013/08/billion-dollar-asbestos-fight-underway-charlotte-court/comment-page-1/#comment-233539 Wed, 07 Aug 2013 03:08:21 +0000 http://overlawyered.com/?p=40446#comment-233539 The fees are actually $124 million=$56 million; $1.25 billion = $ 500,000,000 because most asbestos plaintiff-atty fee agreements in are for 40% and the expenses of the case come from the plaintiff’s portion “if there is a recovery”. The already existing bankruptcy trusts virtually assure a recovery in every instance from which the “expenses of litigation” will be complely covered. So the plaintiff attorneys make almost as much as each individual client. Since the lawyers have hundreds of cases, they obtain most of the economic benefit from the litigation. Many have built enormous personal wealth.

]]> By: Ed https://www.overlawyered.com/2013/08/billion-dollar-asbestos-fight-underway-charlotte-court/comment-page-1/#comment-233485 Tue, 06 Aug 2013 17:04:22 +0000 http://overlawyered.com/?p=40446#comment-233485 $124 Million = $41 Million in lawyer fees
$1.25 Billion = $410 Million in lawyer fees

Why the lawyers are fighting for this = priceless

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