Friday, June 4, 2010

Class action suits - who wins?

Just had a good laugh when I read the proposed settlement of a class action lawsuit against Classmates.com

You know that website - it's the one where you can connect with all those long-long classmates from high school (from whom you never wanted to hear again).

If I had been a Gold Member, which I wasn't, I would get a whole $2.00 (or maybe $3.00) from this settlement. Yippee!

But who really cleaned up? I had to scroll down to Paragraph 12, where I found: "Class Counsel will ask the Court for attorneys’ fees and costs to be paid in conjunction with this Settlement. Defendants (that's Classmates.com) have agreed not to oppose Class Counsel’s request to the Court for attorneys’ fees up to $1.3 million, plus costs. Costs may include participation awards of up to $2,500 for each of the two Lead Plaintiffs."

The Class Counsel stands to scarf up $1,300,000 for rustling a few papers in front of Judge Richard A. Jones in the U.S. Courthouse in Seattle.

Hundreds (thousands?) of lawyers in the U.S. are sniffing through the dumpsters, looking for garbage to throw in a courtroom and then clean up.

I have an idea; give $2.00 to each of the lawyers and split the rest among the members of the Class. We'd find out how fast the lawyers would trade in their three-piece suits for work shirts with Lawyers Refuse Service emblems.

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