Wednesday, January 16, 2008

How do I find a lawyer to go after a class-action lawsuit and how do I make my cut of the quot;proceedsquot;? -

I believe I have a good case. My former employer just moved into town in January and this privately held company that is pretty big and has operations all over USA and Phillipenes and England did not disclose brokerage fees on 401 (k) account. I want a lawyer to sue this company and brokerage company managing 401 (k) on my behalf and all the thousands of employess that have filtered through this sweatshop (without the sweat). I want to make money for bringing such a windfall to the attorney s attention. How do I do this? What approach should I take? I have the proof in the documentation provided by brokerage company that fees were never disclosed and HR rep with employer admits she didn t know exact cost of fee.

I hate to tell you this, but if you file in a class action, you will get peanuts, while your shark, excuse me, I mean LAWYER gets rich. I read somewhere that class action lawyers usually end up with between 30-70% of the quot;proceedsquot;. File on your own.Contact Labor Department(Wage amp; Hour Division), they LOVE to look up the skirts of crooked companies.......

You ll be lucky if you get anything in calss action....look at microsoft...they had paid millions to lawyers for fees and the people got a coupon for more microsoft products. It may be better to sue on your own if you can afford an atty.

Do a Yahoo Search for quot;Securities Class Actions,quot; and you will find dozens of law firms who solicit these cases. You will be entitled to no more than your actual losses less the attorney s cut, tho lead Plaintiffs can collect a fee for their efforts in appearing at depositions, etc.

The courts will never allow an un-even distribution in a class action, unless parts of the class have more damages than other parts, regardless, Plaintiffs are only entitled to the share in accordance with the damages that they allegedly incurred. Attorney are not allowed to share fees with non-attorneys. Good-luck!

In most states, it is a violation of disciplinary rules for a lawyer to split fees with a non-lawyer, so the lawyer cannot pay you a portion of the fees he generates, only your actual damages.

First, you need to realize that in Class Action Lawsuits the winners are ALWAYS the lawyers. If you hire a class action attorney, you will receive only your equal portion of the suit, less attorney fees, IF you win.

Obviously you don t realize that most lawyers are bigger scumbags than the scumbags you want to sue. You can rest assured that the lawyers will make the money, not you.

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