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Plaintiffs' lawyers get $25,000,000; their clients get $37,500



The Washington Post has apparently just discovered the problem with American class action settlements: here's a report they have just published on the allegedly defective Ford Explorer design. The class action lawsuit filed in California state courts netted $37,500 (in discounts on future purchases of new Fords, not in cash) for the alleged victims, and a cool $25 million for the class attorneys. The local judges got to clear their dockets, so everyone is a winner except Ford shareholders and, oh yes, the allegedly aggrieved parties.

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Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.