In consumer fraud cases, the victims of the same corporation’s wrongful conduct join together for class action suits, which are used when a suit by one victim is financially unprofitable in view of the litigation costs exceeding that victim’s potential recovery. Just one victim may represent (be named as a party in a suit and go through a discovery process) the whole class (of at least 20 members). Examples of recent judgments in consumer fraud cases are:$45 million to U.
Florida smokers tobacco companies knew of the smoke danger to health$300 million to flight attendants tobacco companies’ settlement of class action$79.6 million HMO insurance bad faith class action, failure to pay insured’s therapy charges$540 million to gas station dealers oil company’s failure to fulfill a promised gas price reduction which should have been included in the wholesale price$2.65 million to auto repair shop workers- class action, vibration injuries- defective toolThe U.
A majority of law firms charges their clients for services rendered on an hourly basis. Some firms, including our firm, charge their clients on a contingency (a percentage of recovery) fee basis, and mainly in class action and bodily injury suits. Such firms are result-oriented and try to finish the litigation as soon as possible. Clients sometimes pay the costs of litigation as well. There are finance firms providing financial assistance to litigants in exchange for a percentage of the recovery.
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