Quote:
Originally Posted by thstone
Guess who really won?
15. How will the lawyers be paid?
Class Counsel will ask the Court for attorneys’ fees and expenses up to $950,000.00, and $15,000.00 total for all Class Representatives, ($3,750.00 to Bruce Eisen, $3,750.00 to Kymmberli R. Ureda, $3,750.00 to Lee Smith and $3,750.00 to Frederick Nelson-Bonebrake) for their services to the Class. The Court may award less than these amounts. PCNA will separately pay the fees and expenses that the Court awards. These amounts will not come out of the funds for reimbursement payments to Class Members. PCNA has agreed not to oppose these fees and expenses. PCNA will also separately pay the costs to administer the settlement. A copy of Class Counsel’s petition for an award of attorneys’ fees and expenses and request for incentive awards to Class Representatives will be available at www.xxxxxxxxx.com as of [date]. |
The lawyers took the case on a contingency, which means that if they didn't win or get a settlement, they get nothing. They also put tens and more likely hundreds of thousands of their own dollars to pay for experts and other costs to prove their case. Do you think Porsche just rolled over as soon as the lawsuit was filed? No, the plaintiffs had to prove their case to Porsche before they decided to settle. If they had lost, they would have lost the money they paid for experts and costs.
I can't understand how you were represented for free and still complain about the lawyers being compensated. If you are not happy, pony up about a million dollars and file your own lawsuit, you can still opt out of the class action.
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