 funchordsHelloPremium,MVM
join:2001-03-11
Yarmouth Port, MA
kudos:5 | reply to dfxmatt
Re: Huh? dfx and fiber,
Both types of class-actions are possible -- fee for service and contingency.
When it is contingency-based, the lead plaintiff doesn't pay any money for lawyer's time, for filings or other expenses. The law firm is taking a gamble, but the potential payoff to the firm has to be big enough to make it worth their while.
When it is fee-for-service based, the lead plaintiff pays for the time and expenses and the law firm takes nothing extra for winning and loses nothing if the plaintiff loses the case.
Contingency suits are more common than some might think because the financial power of the company being sued is daunting to the individual consumer or investor who is interested in suing.
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Robb Topolski -= funchords.com =- Cape Cod, MA -- KE1MO
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fiberguyMy views are my own.Premium
join:2005-05-20
kudos:3
1 edit |
I laid out the facts.. and stated my experience (which isn't IT based by the way, but what ever) and he continues to flame. Yet, interestingly enough, he continues to flail his arms and act like the authority on the matter and has yet to take one moment of time to post anything to back up his "facts" or anything other than (beats on chest) "I'm right!!! you're an idiot!"
Problem is.. I was and am right.
Funchords, you're absolutely correct about that it can be contingency or retainer... however, the cases we see today have all been contingency based. Like I said above, the law firms look to see what their chance of recovery is and they'll take the risk.. the problem is, there usually is "no risk" in any sense as the climate of class action is all too political and it's become an industry on it's own.
TECHNICALLY, dfx is correct on those cases in classes that are retainer based.. but in this case, he's factually wrong, and he's showing his lack of REAL WORLD knowledge in this matter. He reminds me of my cousin that constantly shows me is CCNA certification because he demonstrated he could read books and answer some questions, but you apply him to the real world situations, he's dumb as a box of rocks. Its one thing to know what them pages on the webz say, but it's another when you apply REAL WORLD experience to it. (to which he isn't)
What is POSSIBLE and what is actually being done are two different things.
I'd like him, in all his skillz, start producing any of these major cases that are class action where the lead plaintiff put up a retainer... then we have a conversation... until then, my point and points all stand.
DFX - just a little hint for you... Don't try to find one fact and technicality and apply it as broad and all inclusive. While technically SOME cases are as you state, the fact remains, it's not the rule these days, it's the RAREST of exception.
Read up on the history of class action in the Unites States.. and actually read the link I sent you.. it's well written and puts class action case into easy to read terms. Maybe you'll understand why in this case I am 100% right, and you're wrong.
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