Class action lawyers to be paid in gift cards

by Walter Olson on February 5, 2009

The client class members were to receive only gift cards, not cash, in the settlement with Windsor Fashions, a clothing retailer, so Los Angeles Superior Court Judge Brett Klein thought it only fair to provide that Yorba Linda attorney Neil B. Fineman be paid his fee with “12,500 ten-dollar Windsor Fashions gift cards.” (Metropolitan News-Enterprise via California Civil Justice Blog) (& welcome Megan McArdle readers).

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DYSPEPSIA GENERATION » Blog Archive » Class action lawyers to be paid in gift cards
02.06.09 at 6:32 am
Reader Mail: “Do You Think this is for Real?” « ClassActionBlawg.com
02.06.09 at 9:25 pm
Lawyers paid in gift cards, cont’d
02.10.09 at 11:01 am

{ 2 comments }

1 Alien 02.06.09 at 9:23 am

I wonder if the IRS will accept some of those gift cards for the portion that is taxable … I am going guess not and that the lawyer is going to have to pay real cash to cover the ‘earnings’ of those gift cards LOL

2 Justinian Lane 02.10.09 at 3:31 pm

I hadn’t even considered the tax implications of these settlements. It’s cute… but not fair under any sense of the word.

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