On the recordMarch 13, 2002
This bill is not about terrorists, it is not about Enron, it is not about shredding documents; what it is about is good, common-sense class action lawsuit reform to end this kind of abuse, where the lawyers get $2 million in attorneys' fees and the plaintiffs, the American families, get a box of Cheerios. It is about a case where the plaintiffs get a $25 coupon off a $250 future plane flight, a 10 percent reduction, and the attorneys get $16 million in attorneys' fees. It is about this great case wherein the Bank of Boston, the attorneys got $8.5 million in fees and then sued, sued their own clients for an additional $25 million. It is about this Blockbuster case, 23 class action lawsuits settled for $1-off coupons; the attorneys got an estimated $9.2 million in attorneys' fees. Here is my favorite one. The attorneys got $4 million in their suit against Chase Manhattan Bank; the plaintiffs, including this plaintiff, 33 cents.
Source
govinfo.gov




