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That’s how they paid they lawyer’s fee. Instead of a $7.5 million settlement to the client, with the lawyer then taking at 40% contingency fee, the settlement s
by mark212 9y ago
That’s how they paid they lawyer’s fee. Instead of a $7.5 million settlement to the client, with the lawyer then taking at 40% contingency fee, the settlement splits it into two checks separately paid. Has to do with how the payment is reported to the IRS on 1099 forms
- MertsA 9y agoDoes a 40% contingency fee seem normal here? The article makes it seem like this didn't escalate past sending a strongly worded extortion letter. Is it normal for lawyers to take such a huge cut for something that never went to court? Also, how could this have ever gone to a civil suit? From the sound of it, the letter detailed a bunch of shady, illegal things that Uber was doing but the plaintiff wouldn't have had standing for that would he?