No tears here - he put them at risk in the hopes of a HUGE payoff bankrupting WalMart.
Class action suits no longer work. I have been notified of four of them in the past few years. I wont join. fifty bucks to make lawyers rich? I would rather not.
I think the norm for attorney fees in a class action suit is about 25%. That’s 25% of every single class member’s share of the award, which adds up pretty fast. And, in addition to the 25% loss, each class member also gives 38% off the top to the government, leaving them with about 37% of their single award.
It’s no wonder attorneys are willing to risk 7 mil for a shot at billions, and to hell with the real plaintiffs.
“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.
The Russians have a wprd for that—Toughshitsky.