Posted on 09/11/2013 7:05:06 AM PDT by AtlasStalled
Class actions often serve as little more than litigation platforms by which the trial lawyers get rich through court-approved attorneys' fees, and the injured consumers get only peanuts in the settlements as reported by Mitch Lipka for The Boston Globe: "consumers can benefit from some class action cases" but "settlements of these cases,of course, are written by lawyers, who are usually the biggest beneficiaries."
For years class action settlements often were rubber-stamped by the courts but increasingly consumer advocates such as attorney Ted Frank who founded the Center for Class Action Fairness and Professor Lester Brickman who authored Lawyer Barons are criticizing some deals as more lucrative for the plaintiffs' lawyers than the underlying clients they purport to represent.
The 47% out there that think "they can afford it", or "the insurance will pay for it", voted for Obama, because the RICH have more money than they need, and they should SHARE!
Bottom line:
Some ambulance chaser walks away with a multi-million dollar check.
50,000 consumers each get a coupon for 50% off their next purchase from the Big EEEEEEVIL Corporation that scroooood them in the first place.
Of course, trial lawyers are among the biggest contributors to the DemoQuack party which protects against tort reform and other measures to rein in the lawsuit industry.
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