Quote:
Atrocities said:
99% of all of the funds won in 99% of all class action lawsuits that are won or are settled end up going the trial lawyers.
American General Finance was once sued for improperly figuring interest on loans. It cost me around $440.00 according to the lawsuit. AG settled for nearly a 100 million or so and when it was all said and done, and mind you there were only about 2,000 plaintiffs, I got a check for, and I kid you not, $0.27.
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Ouch!
Bet you felt great taking that down to the bank!
So I guess in the States they don't have those lovely little laws limiting the ammount lawyers can charge to a percentage of the total claim? You should look into getting one of those, they're dead handy.
