Quote:
Originally Posted by htismaqe
You have no idea (or maybe you do).
My wife was part of a class action discrimination suit against one of the largest companies in the country. It took 15 years to settle and when all was said and done, she got about half what the lawyers did. The federal government took a sizeable chunk as well since the settlement was for "back wages". The company paid it out in installments, leading to getting two differentb1099's so she paid taxes twice.
In the end, she got about 20% net of her gross settlement amount.
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Those class action suits are a scam. Especially those that advertise on TV. They are out to make money for the firm instead of those really affected.