I believe I have a good case. My former employer just moved into town in January and this privately held company that is pretty big and has operations all over USA and Phillipenes and England did not disclose brokerage fees on 401 (k) account. I want a lawyer to sue this company and brokerage company managing 401 (k) on my behalf and all the thousands of employess that have filtered through this sweatshop (without the sweat). I want to make money for bringing such a windfall to the attorney's attention. How do I do this? What approach should I take? I have the proof in the documentation provided by brokerage company that fees were never disclosed and HR rep with employer admits she didn't know exact cost of fee.
2006-09-29 03:48:25 · 7 answers · asked by icu812 3 in Politics & Government ➔ Law & Ethics
Thank you for the education. I didn't know that lawyers can't give a cut of the proceeds to a non-lawyer. How convienient! Keep the good answers coming...
2006-09-29 13:28:56 · update #1
I hate to tell you this, but if you file in a class action, you will get peanuts, while your shark, excuse me, I mean LAWYER gets rich. I read somewhere that class action lawyers usually end up with between 30-70% of the "proceeds". File on your own.Contact Labor Department(Wage & Hour Division), they LOVE to look up the skirts of crooked companies.......
2006-09-29 03:59:37 · answer #1 · answered by Diana 3 · 0⤊ 1⤋
The courts will never allow an un-even distribution in a class action, unless parts of the class have more damages than other parts, regardless, Plaintiffs are only entitled to the share in accordance with the damages that they allegedly incurred.
Attorney are not allowed to share fees with non-attorneys.
Good-luck!
2006-09-29 05:42:33 · answer #2 · answered by www.lvtrafficticketguy.com 5 · 0⤊ 0⤋
Do a Yahoo Search for "Securities Class Actions," and you will find dozens of law firms who solicit these cases. You will be entitled to no more than your actual losses less the attorney's cut, tho' lead Plaintiffs can collect a fee for their efforts in appearing at depositions, etc.
2006-09-29 04:00:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋
First, you need to realize that in Class Action Lawsuits the winners are ALWAYS the lawyers.
If you hire a class action attorney, you will receive only your equal portion of the suit, less attorney fees, IF you win.
2006-09-29 03:51:49 · answer #4 · answered by kja63 7 · 1⤊ 0⤋
In most states, it is a violation of disciplinary rules for a lawyer to split fees with a non-lawyer, so the lawyer cannot pay you a portion of the fees he generates, only your actual damages.
2006-09-29 04:31:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You'll be lucky if you get anything in calss action....look at microsoft...they had paid millions to lawyers for fees and the people got a coupon for more microsoft products.
It may be better to sue on your own if you can afford an atty.
2006-09-29 03:59:52 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Obviously you don't realize that most lawyers are bigger scumbags than the scumbags you want to sue. You can rest assured that the lawyers will make the money, not you.
2006-09-29 06:18:01 · answer #7 · answered by stan l 7 · 0⤊ 0⤋