“Judge Slashes Attorney Fees in GM Stock Settlement”

by Walter Olson on January 16, 2009

Hey, we took a risk suing the ailing auto giant on behalf of its investors, say the entrepreneurial lawyers. The company might have gone bust while our suit was pending, and then where would our payday have come from? But a judge cut the fees from a requested $60 million to a mere $45 million. “That adds up to a rate of $1,825 per hour, said U.S. District Judge Gerald Rosen for the Eastern District of Michigan,” notes AP. At least they’re not overpaid executives.

{ 1 comment }

1 locomotivebreath1901 01.16.09 at 4:58 pm

Automobiles. Health Care. Real Estate. Product Liability. Even being a good Samaritan.

Parasites Lawyers are simply another factor to consider in the failings of our economy.

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