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The lawyers that were providing them counsel are anticipating receiving 25% of the settlement. If the Uber drivers did not accept the settlement, the lawyers wo
by gvb 10y ago
The lawyers that were providing them counsel are anticipating receiving 25% of the settlement. If the Uber drivers did not accept the settlement, the lawyers would have a delayed (ergo more out of pocket expenses) settlement or possibly no settlement.
The lawyer's incentives were not aligned with the drivers' with respect to maximizing the driver's reimbursements.
- abhi3 10y agoUber settles for = 0.0015% of their last valuation; Lawyers make: $25 million Drivers (he victim) get: $25 (or $12 in MA)
- logiczero 10y agoThat's pretty much how all class-action lawsuits work. You (the victim) get a check for a single-digit dollar amount that isn't worth standing in line at the bank to deposit, and the lawyers/firms on the case make millions. It's how the ABA can claim they're fighting for the little guy.