Thread: UIM Lawsuit
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Old 08-07-2007, 10:17 PM
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Re: UIM Lawsuit

Not to discourage anybody but I don't hold out much promise when it comes to class action lawsuits. To me they are a vehicle for the lawyers to make a lot of money in legal fees while the plaintiffs end up with very little compensation. Over the years, I've joined a few class action suits and I think the most I received was a "coupon" for $20 off a future purchase with the company that was involved in the suit. Your award also goes down pursuant to the number of plaintiffs that join the suit as well.There was an investigative report done on one of those news shows like 20/20 a few years back that looked into these class action suits. They found out that most of the awards went to pay the exorbitant legal fees the law firms charge to handle the suit, leaving very little to split among the members that joined the suit.
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