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Quote of the Day - A nickel ain't with a dime anymore. - Yogi Berra
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51,700% Difference in Plaintiff and Lawyer Monies

Almost can't believe this one. In Anniston, Alabama, folks there who claimed their properties and lives were polluted with PCBs thought they reached a settlement with the producer of the chemical, Monsanto (now Solutia).

That is until the class of people learned the terms of the settlement. Just a minor disparity, they discovered.

Each of the the 18,447 plaintiffs will get an average of $7,725 and some as little as $500 each.

The 27 lawyers who worked on the case will each get an average payment of more than $4 million, a total of $120 million to be split between them.

I don't want to even calculate the percentage differential. OK, the lawyers will get 51,700% more than the Plaintiffs.

Printer friendly page Permalink Email to a friend Posted by J. Craig Williams on Wednesday, March 24, 2004 at 18:14 Comments Closed (2) |
 
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