Friday, February 11, 2005

Local Man Applauds Congressional Action

The New York Times reports today that the Congress is about to enact remedial class-action legislation which President Bush will sign.
Class Action lawyers were caught with their briefs down. According to the Times, one lawyer at a prominent class-action firm said that many lawyers had expected the legislation to take longer to adopt as Senate and House members wrangled over terms. Ha Ha Ha
The NYT also reported, "The legislation also makes it more difficult for class-action lawsuits to be settled by payments of coupons for goods and
services instead of cash by the defendants, a practice that has been heavily criticized by Democrats and Republicans." Right On!
Brother of Local Man was a successful class action plaintiff against a clothing retailer. He was awarded a coupon so that he could buy more stuff from the retailer at a reduced price. This was a win-win situation for the retailer who got a second whack at its dissatisfied customers and Brother's attorneys who got paid with M-O-N-E-Y.
There should be a rule that if the class action plaintiffs get cents-off coupons their attorneys should get 1/3 of the coupons as their fee.

No comments: