given the large number of suits already filed and the fact that every former Vioxx taker in America is already a proposed class member in numerous class actions, it is unlikely there will be many more class actions after the legislation is enacted. It is bad legislation to have something pass that covers all class actions in the country for all time and name one specific product or one specific company in the legislation. It is irrelevant anyway. Now, let me tell you the kinds of cases that are affected by this legislation. Take a look at the ``Class Action Wheel of Fortune'' on this chart. It will tell you what we are doing here today. You have got the case against Ameritech. Ameritech, the attorneys for the plaintiffs got $16 million in attorneys fees. What did the plaintiffs they represent get? Five-dollar phone cards. The Premier Cruise Line case, the lawyers got almost $1 million; the consumers got a $30- to $40-off coupon for their next cruise. The computer monitor litigation case, the lawyers, $6 million in fees; the consumers, a $13 rebate against your next future purchase of the alleged defective product. Register.com, $650,000 for the lawyers; $5 for the consumers. KB Toys, $1 million for the lawyers; 30 percent off your selected product in a unadvertised 1-week sale at KB Toys. Poland Spring Water, $1.35 million for the lawyers; a coupon for more of the allegedly defective water for the consumers.
Editor's note · Context
Discussing the implications of class action legislation and its impact on consumers.
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