Tuesday, June 21, 2011

Poor lawyers....

No easy money for them from Walmart. As a stockholder I'm glad. The last class action suit I know of that the company paid the female associates got 25$. The Lawyers made a million or so.

Not exactly a thrill for anyone who works for a living. But the system isn't designed for them is it?

Justices nix Wal-Mart class-action bid - Washington Times
In a landmark decision hailed by major business groups, the Supreme Court quashed what would have been the largest class-action employment lawsuit in U.S. history, affecting potentially 1.6 million female employees of giant retailer Wal-Mart.

In the most closely watched business case of the high court’s term, business interests said the decision will provide a brake on catchall class-action suits that target some of the nation’s biggest employers.

“Defendants should have the opportunity to present individualized evidence to show they complied with the law,” said Robin Conrad, executive vice president of National Chamber Litigation Center, an arm of the U.S. Chamber of Commerce. “Too often the class-action device is twisted and abused to force businesses to choose between settling meritless lawsuits or potentially facing financial ruin.”

The court unanimously reversed a 9th U.S. Circuit Court of Appeals ruling that the Wal-Mart case could go ahead as a collective class action, and by a 5-4 margin also held that there were too many female plaintiffs in too many different jobs to justify a class-action lawsuit.

No comments: