Submitted by BCLetsRide69 t3_1268947 in sports
cdrhiggins t1_je8kiry wrote
>$55 million will go to attorneys' fees, about $4.65 million to litigation costs, $995,000 in settlement administration expenses, $600,000 to class representatives in payments of $15,000 to 40 people and $37,500 to five named plaintiffs who are not class representatives in payments of $7,500 each. About $1.7 million will go to the California Labor and Workforce Development Agency.
Always interesting to see that the majority of these how much of these multimillion dollar suits are typically fees and expenses and not actual payments to the plaintiffs.
Mimogger t1_je8ky0d wrote
so out of ~63m the players got like 637.5k? lmao
BarryPromiscuous t1_je8laps wrote
The math is staggering
x925 t1_jeaziua wrote
Don't forget taxes.
Athanatos173 t1_je9bdm3 wrote
That is just insane.
And close to a million for "settlement administration expenses" is more insane, isn't that just a fancy way to say we're paying a million dollars so they can wire the money?
BrotherItsInTheDrum t1_je9v3vg wrote
>majority
Are you exaggerating or am I misunderstanding something? It's a $185 million settlement, of which ~$60 million is going towards fees and expenses, leaving $120 million for the plaintiffs?
cdrhiggins t1_jea18rp wrote
Maybe I'm reading it wrong. From my understanding, the plaintiffs are sharing $600,000. An individual plaintiff is receiving a payment of $15,000 or $7,500, depending on their group.
There's a bunch of numbers there, so if I'm wrong, I apologize.
EDIT: yep, I misunderstood. $600,000 to the REPRESENTATIVES. The other $120 million goes to the players.
Sgt-Pumpernickel t1_je9eaxh wrote
What’s a litigation cost?
cdrhiggins t1_je9sizz wrote
Litigation costs are the fees spent pursuing or defending a legal claim or litigation. These charges may include attorney's fees, court filing fees, expert witness fees, and other costs associated with case preparation and presentation. In this case, it looks like the attorney fees and other litigation fees were separated.
Sgt-Pumpernickel t1_je9yxbm wrote
Ah makes sense, thanks for the info
cdrhiggins t1_jea3413 wrote
You're welcome!
akhorahil187 t1_jeav9wo wrote
You didn't quote a very important bit of info...
"nine years of litigation..."
Erazzphoto t1_jeb1rl8 wrote
Most people with a half a brain realize this, yet so many try anyway
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