September 5, 2006

Win A Buck (Keep Thirty-five Cents)

We still haven’t seen a copy of the fee agreements in either the Beacon or Metropolitan class action suits (anyone?), but the word on the street is that the attorney’s 50% contingency fee doesn’t include “costs” (which could add up to another 15% of the “gross recovery”). If accurate, this would mean that the Plaintiffs could end up “recovering” just 35% of any award.

A Big Bad Lawsuit At The Beacon [SocketSite]
A Class Action Suit At The Metropolitan? [SocketSite]

First Published: September 5, 2006 12:05 AM

Comments from "Plugged In" Readers

If that's the case, I wonder why the plaintiffs would even consider bringing a lawsuit. That 35% may not even be enough to make the necessary repairs or compensate the plaintiffs.

Posted by: RinconFan at September 5, 2006 9:04 PM

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