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Posted on 06/21/2011 4:33:09 PM PDT by mdittmar
Joseph Sellers is in the hole by about $7 million and does not expect to dig his way out any time soon.
As lead counsel to the plaintiffs in the Wal-Mart Stores Inc employment discrimination lawsuit tossed out by the United States Supreme Court on Monday, Seller's law firm, Cohen Milstein Sellers & Toll, dedicated about $5 million in attorney hours and spent $2 million on experts and discovery in the decade-long case, he said.
The Court found the claims filed by as many as 1.5 million women against the retail giant were too varied to permit class certification. The Court did not rule on the merits of the plaintiffs' claims and left the door open for smaller, narrower groups of plaintiffs who could pursue other class actions. But so far, Cohen Milstein has not seen any return on its investment.
"All our fees and expenses are at risk," Sellers said, referring to the Wal-Mart case.
Cohen Milstein is a plaintiffs' powerhouse that has made a successful business of bankrolling expensive, massive class actions. In recent years, the 60-attorney firm with offices in New York, Washington, Philadelphia and Chicago, has won hundreds of millions of dollars against the likes of Mercedes Benz, Bristol-Myers Squibb, 3M and Christie's International. The firm focuses on antitrust, civil rights, product liability, securities fraud and employee discrimination.
(Excerpt) Read more at reuters.com ...
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$5 million in attorney hours
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How much is that in dog years?
You may be mixing issues here. Hillary and the Chinese are not reason enough to scam WalMart with a bogus class action suit. And each of the tall, short, old, etc. “plaintiffs” is free to pursue her own lawsuit. And we’re all still free to avoid shopping at the store. Or is it that WalMart isn’t a union shop that’s at the heart of the desire to destroy the company?
And, as for those in the “class,” at best, they would have been left with about 37% of the actual individual award, while the attorneys raked in 25% of the total settlement. Is that your idea of justice for for the women? Is hatred of WalMart sufficient excuse to rip off thousands of women and prostitute the legal system?
Class action suits benefit primarily the lawyers who bring them, at the eventual expense of shareholders, customers, plaintiffs, and the businesses they abuse.
Couldn’t happen to a nicer profession!
“Loser Pays” in this case!
Somehow I doubt the blood sucking lawyers will miss the money much. They’ll just dig in and get more revenue from other cases. Sadly, other defendants that can’t mount a robust defense as Wal-Mart did will end up paying for this case. If ‘Loser Pays’ were implemented nation wide, perhaps the attorney’s aversion to going broke would keep these crap lawsuits out of the courts as much. What’s worse is how judges let this garbage happen. Judges have the power to stop it before it even gets started, but they seem to allow just about anything into a damn courtroom.
Venture vultures for ambulance chasers.
For just a year, I would like to turn things around. How about 535 doctors get to write laws to impoverish lawyers.
later
It’s all tax deductible.
“All our fees and expenses are at risk,” Sellers said, referring to the Wal-Mart case.”
You pays yer money, you takes yer chances!
Gambling is gambling.
“Cohen Milstein is a plaintiffs’ powerhouse that has made a successful business of bankrolling expensive, massive class actions. In recent years, the 60-attorney firm with offices in New York, Washington, Philadelphia and Chicago, has won hundreds of millions of dollars against the likes of Mercedes Benz, Bristol-Myers Squibb, 3M and Christie’s International”
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Bullsheit.
Messrs Cohen et al are stealing it from the stockholders of those companies.
That would be me. That would be you.
Expenses of the this lost suit are not nearly enough. There needs to be loser pays clause so that these top-of-the-food- chain sharks cannot attack without fear of something biting them in THEIR ass.
Wow, my sympathy meter must be broke........it didn’t register even one electron moving...
DOOEY, SCREWEM & HOWE
If each of their 1.5 million “clients” pays them $10, then the law firm may actually make a little money on the case.
LOL.....excellent idea
Good. It was a very bad case to begin with. They thought they would win a lot of money. Sometimes you act like a nut and sometimes you don’t.
How is this different from barratry?
Life’s a bitch, ain’t it?
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