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Old 07-28-2013, 11:11 AM   #30
Kumabjorn
Basculocolpic
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Join Date: Jul 2010
Location: Sweden
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Quote:
Originally Posted by pwalker8 View Post
You betcha. A single class action lawsuit can rake in millions of dollars for the lawyers and an individual plaintiff might end up with a $1 coupon. That's how John Edwards, ex US Presidential Candidate, made his millions. The percentage of the settlement that the lawyers get is part of the negotiation process and goes up depending on how many hours are billed to the case. I've read of cases that went to court and after all the appeals were done, the lawyer ended up with between a third and half.
Guess I'm just a dumb European, I thought the judicial system was about justice, not get-rich-fast schemes.
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