"Class actions" in my experience pay 50% of whatever gets
recovered to the lawyers, and to the "legal costs" -- all those
fancy mailings, just think -- and then they divide whatever award
is left over among about a gazillion class claimants, leaving a
pittance at most for any given individual...
Unless you've been doing a fairly enormous volume of business
with the party being sued, pretty directly, and for the precise
time in question in the lawsuit, and for the precise type of
transaction specified in the lawsuit... The $12 which eventually
they might pay you personally won't cover the time you spend
reading & puzzling over the legalese in the documents they send.
So I "file 13" class action stuff when I get it. Lawyers -- bless
'em... -- make money from class actions, class plaintiffs don't.
Jack Kessler, kessler@well.com
On Fri, 30 Jul 2004 kewalton@buffalo.edu wrote:
> I, too, just received the official notice.
> I scanned through it and it seems that individuals who opened accounts
> during the timeframe are automatically members of the class. It says in
> part #9 that you have to send them a signed request for exclusion if you do
> NOT want to be part of the settlement. And, of course, you have to send
> them your personal information in one of three forms if you want to file a
> claim.
> I wonder what happens to those of us who neither opt-out nor file a claim.
> A good weekend to all...
> Karen Morse
> __________________________________________________________
> Karen Walton Morse
> Processing Archivist
> University Archives
> SUNY at Buffalo
>
>
>