Critical Mass
Junior Member
What is the name of your state? Pennsylvania
I recently found out that I may qualify for a current major class action suit, and when looking into it on the Internet and finding out it was a legitimate lawsuit, filled out a basic form to be contacted.
I was contacted via email by a representative from a law firm, and after verifying that this was a legitimate firm, I called and spoke with a paralegal who told me they would have to verify that I qualify.
A few days later, I received a form in email with the proposed Terms and Conditions from the firm. I read it carefully, and it states numerous times that if nothing is recovered, I owe them nothing, so I'm comfortable on that end.
My question stems from the percentage they are asking for. They want 40% of anything I'm awarded, IN ADDITION TO any expenses incurred, which may include, but not limited to travel expenses, postage, fees, etc, etc.
From what I've read, the average percentage charged by a law firm in a Class Action suit is usually 25%-33%, which would make this a bit high. I also know that I don't have to accept the terms they proposed to me.
What options do I have? My wife is of the attitude that even if I wind up with just 50% of my share, that's money I wouldn't have had otherwise. But I'm wondering if I can "shop around"? Isn't there more than one firm involved in a major suit? If so, where can I obtain a list of firms that are involved? Do I have the power to negotiate with the firm that I began with?
Thanks for any help!
I recently found out that I may qualify for a current major class action suit, and when looking into it on the Internet and finding out it was a legitimate lawsuit, filled out a basic form to be contacted.
I was contacted via email by a representative from a law firm, and after verifying that this was a legitimate firm, I called and spoke with a paralegal who told me they would have to verify that I qualify.
A few days later, I received a form in email with the proposed Terms and Conditions from the firm. I read it carefully, and it states numerous times that if nothing is recovered, I owe them nothing, so I'm comfortable on that end.
My question stems from the percentage they are asking for. They want 40% of anything I'm awarded, IN ADDITION TO any expenses incurred, which may include, but not limited to travel expenses, postage, fees, etc, etc.
From what I've read, the average percentage charged by a law firm in a Class Action suit is usually 25%-33%, which would make this a bit high. I also know that I don't have to accept the terms they proposed to me.
What options do I have? My wife is of the attitude that even if I wind up with just 50% of my share, that's money I wouldn't have had otherwise. But I'm wondering if I can "shop around"? Isn't there more than one firm involved in a major suit? If so, where can I obtain a list of firms that are involved? Do I have the power to negotiate with the firm that I began with?
Thanks for any help!