Dr. Michael Hébert opens his mail to learn that the law firms of Lerach Coughlin and Levin Papantonio have been representing him in a class action for the past four years, in a shareholder suit against Cisco. One problem he notices is that the opt-out notice arrives in his mailbox two weeks after the expiration of the period allowed for opting out. And he finds other reasons as well not to be overly impressed by the generosity of Messrs. Lerach Coughlin and Levin Papantonio, even if they are willing to contribute their valuable legal services for a mere $15 million in fees plus expenses. (Doctor Hébert’s Medical Gumbo, Nov. 16).
Hey, look, I’m suing Cisco Systems
Dr. Michael Hébert opens his mail to learn that the law firms of Lerach Coughlin and Levin Papantonio have been representing him in a class action for the past four years, in a shareholder suit against Cisco. One problem he notices is that the opt-out notice arrives in his mailbox two weeks after the expiration […]
2 Comments
So what’s the complaint??!?!? Aren’t these guys doing us all a favor by retarding potential further bad behavior by the Big Bad Public Company?!?! Can’t I trust these guys? After all they were certified as class counsel by an important Federal Judge!!
For the first3 years I got one of these notices, I filled out the form and sent it in, just to see how much of a check I got. The biggest one was $6.32. Class counsel fees? TWENTY-TWO MILLION.
Thank you for your tireless work on my behalf. You and your goo-goo friends inside the SEC enforcement office.
Awesome site! I actually left the US after a shareholder/employee tried to steal my company by sueing me and locking me out of the bank accounts and offices. I ended up with a settlement but I have had enough of the US and legal system. Holland here actually prohibits by law no cure no fee parasites like the type that are destroying the US.