As a plaintiff in a lawsuit, I have won - and won big time*. I have become like a Powerball winner** and have to make choices in making sure that I spend the money wisely. I'll have to contact both an attorney and an accountant to make sure that I make the maximum gain by investing my money, yet protect as much of it as I can from the IRS.
I told you about the lawsuit a long time ago; I joined the class action lawsuit brought on behalf of purchasers of music CD's (yes, the only way we get our music is by buying it). The Attorneys General for most states were concerned about questionable pricing/advertising policies by music producers.
The terms of the court-approved settlement entitled me to the sum of $13.86.
*Well, I got more than I thought I thought I would anyway.
**Those winners that match only a couple of numbers.
The newspaper had said that a settlement was forthcoming. I knew there couldn't be much money in it for any one person. From experience. Once, I responded to join a class action suit. When all was said and done, my "winnings" came to $6. I didn't bother collecting. Ever since, I've pitched the stuff in the trash figuring that the only people likely to win enough to worry about would be the huge stock holders (mine are always law suits concerning stock price manipulation) and the lawyers. Those of us who may own 100 shares might as well save our stamps--LOL! Have a pizza on them, Bogie!
Posted by: Cop Car | February 24, 2004 at 06:50 AM
I got lucky and didn't have to collect - they sent the check out to me.
Pizza - mmm, sounds like a delicious idea!
Posted by: Bogie | February 24, 2004 at 07:13 AM
...or you could buy one more cd :^)...
Posted by: billy | February 24, 2004 at 08:03 AM
The lawyers are the big winners.
Jim (a lawyer who does not do class actions)
Posted by: Parkway Rest Stop | February 24, 2004 at 08:28 PM