...a credit of 41 cents. The description read: "CLASS ACTION SETTLEMENT/BOEHR". Times like this that I'm so grateful we have trial lawyers in our country who are ever dedicated to the pursuit of justice.This was settled for $8,200,000 of which, $3,000,000 for Attorneys’ Fees plus a proportional share of net interest on the Settlement Contribution. $10,000, to Plaintiff Mr. Boehr. "Proportional share of net interest"- I'm willing to bet that amounts to at least a few hundred thousand more. And all for the sake of a few cents per cardholder. How many dollars did this cost each cardholder in increased interest and fees that AMEX used to pad the bottom line against just such lawsuits?
Thursday, May 26, 2005
Class action madness
Clayton Lee (a law student, but we won't hold that against him - he hasn't fallen to the dark side yet.) reports on opening his AMEX bill to find :
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