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Non-Tech : Any info about Iomega (IOM)?

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To: Dr. Porsche who wrote (49950)3/14/1998 10:36:00 AM
From: Alan Rosen  Read Replies (1) of 58324
 
RE: Class Action Suits

ATTN: Dr. Yuppie Sports Car

This morning I was doing some catch-up reading, Friday's WSJ (my wife brings it home from her office). Interesting article about the courts looking into one of these "make the lawyers rich schemes".

A recent "agreement" was announced between Knoll and the class action lawyers. The settlement called for over $80 million in payments....of that total $28 million was for legal fees. Each of the millions of class action participants will receive....$14.00......!!!! A judge in Chicago is looking in to this fine piece of legal work.

For all of you whining about your losses and talking up legal action, remember the world isn't always a nice place...even when you win your suit!

archcc
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