would you take part in a class action settlement?

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rh71

No Lifer
Aug 28, 2001
52,853
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Say you've been an employee for over 5 years and of course in these times want to keep your job. You are notified that you may be entitled to part of a settlement against your employer. Do you take it? Is the employer going to find out who opted to take it - do you want to take that chance? We're talking a few thousand $ here.
 

hanoverphist

Diamond Member
Dec 7, 2006
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i would. you not taking it doesnt lower their liability, it just ups the amount per person.
 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
If it's a settlement, then yes, do it. Usually the court appointed settlement administrator handles the paperwork and the checks. Company probably wouldn't care less if you opted in. Mine didn't when I took part in a settlement about 10 years ago.
 

Exterous

Super Moderator
Jun 20, 2006
20,366
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the situation is vague so I will jsut say in most situations I can think of I would
 

darkxshade

Lifer
Mar 31, 2001
13,749
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If the company already settled, they're pretty much paying x amount whether you're taking part of it or not. If you don't take it, the lawyers will. Your participation shouldn't affect the company anymore than it already does, I'd take it.

I'm not a lawyer so it's just my assumption but it makes sense.
 

MagnusTheBrewer

IN MEMORIAM
Jun 19, 2004
24,135
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Any damage with respect to your relationship with the company was already done when you joined the class action suit. Accepting payment has no effect.
 

Miramonti

Lifer
Aug 26, 2000
28,651
100
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Sounds like they've wronged their employees, so I'd say sure, you've apparently been wronged during the past 5 years.

Btw, what misdeeds are they settling? If you have a good track record/review history, and they get rid of you and others for taking the settlement......then you have another class action suit, lol.
 

Nik

Lifer
Jun 5, 2006
16,125
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I've gotten several notifications over the years (computer hardware purchases like ram) and I didn't bother getting involved after the first one resulted in a check for $1.40. The lawyers got millions. Fuck them.
 

DingDingDao

Diamond Member
Jun 9, 2004
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I've gotten several notifications over the years (computer hardware purchases like ram) and I didn't bother getting involved after the first one resulted in a check for $1.40. The lawyers got millions. Fuck them.

So you're mad because somebody went and did all the work, writing briefs, going to court, negotiating a settlement, organizing the members of the class, etc. etc. and they got more money than you, who did absolutely nothing?

Hmm.
 

Miramonti

Lifer
Aug 26, 2000
28,651
100
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So you're mad because somebody went and did all the work, writing briefs, going to court, negotiating a settlement, organizing the members of the class, etc. etc. and they got more money than you, who did absolutely nothing?

Hmm.

Getting screwed on price-fixing isn't doing enough?
 

darkxshade

Lifer
Mar 31, 2001
13,749
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So you're mad because somebody went and did all the work, writing briefs, going to court, negotiating a settlement, organizing the members of the class, etc. etc. and they got more money than you, who did absolutely nothing?

Hmm.

I wouldn't call having wasted a certain amount of money on defective product absolutely nothing then getting screwed by getting pennies to the dollar from the lawyers.

edit: he shouldn't have to do any work to get his money back. The lawyers are doing it only because they know they will get a nice payday out of it.
 
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DingDingDao

Diamond Member
Jun 9, 2004
3,044
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I wouldn't call having wasted a certain amount of money on defective product absolutely nothing then getting screwed by getting pennies to the dollar from the lawyers.

edit: he shouldn't have to do any work to get his money back. The lawyers are doing it only because they know they will get a nice payday out of it.

I agree he should get paid back. But let's assume for a moment that the lawyers in that case did the work pro bono. If you divide their share (which I would assume is approximately 30% or so), every member of the class would get approximately 50% more. Which would have been like $0.75.

So really the problem here is the size of the settlement vs the size of the plaintiff class, no? It's not unreasonable for lawyers to get paid for their work. Would you do your job for free?

Regarding your other statement about lawyers doing work because they'll get a nice payday out of it, you're implying that lawyers are the only ones who would do this. People do their jobs because they get paid. The lucky ones also happen to enjoy their work.
 
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olds

Elite Member
Mar 3, 2000
50,051
709
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My union sued and we won and I got some back pay and penalties. Just about to win another round and get some more.
 
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