No one expects a law firm to work for free. Howeve
Post# of 72440
(Total Views: 173)
Posted On: 03/26/2019 9:20:42 AM
No one expects a law firm to work for free. However if you read the article, you'll see that many class action suits are structured so that people have to apply to get paid from the settlement. Often, fewer than 1% reply, so the big winner is the law firm with big (excessive) legal fees, and the members of the class get nothing, or a coupon for some product worth $20. I've gotten all kinds of mailings from class action suits about coffee makers, headphones, etc., that required pages of paperwork and the original receipt (which no one has), all to get a coupon for some crappy free product. No wonder so few people ever apply for a piece of a crummy settlement like that.
This is why the Rosen Firm and other ambulance chasers do what they do -- they can extort companies for big "greenmail" settlements -- they drop the bogus case in return for "legal fees" because it's cheaper for the company to pay them than to pay lawyers to fight it.
THAT is why it was so great that IPIX fought it.
New laws that make it more difficult for these scum to file frivolous suits would put Rosen out of business, at least out of the greenmail business.
This is why the Rosen Firm and other ambulance chasers do what they do -- they can extort companies for big "greenmail" settlements -- they drop the bogus case in return for "legal fees" because it's cheaper for the company to pay them than to pay lawyers to fight it.
THAT is why it was so great that IPIX fought it.
New laws that make it more difficult for these scum to file frivolous suits would put Rosen out of business, at least out of the greenmail business.
(3)
(0)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
Scroll down for more posts ▼