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Toyota Unintended Acceleration...Liability Litigation
Old 12-16-2014, 03:11 PM   #1
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Toyota Unintended Acceleration...Liability Litigation

I've been advised by my attorney out of San Rafael, CA 94912 that I (and others in the eligible class) under claim #TMAUA1-28239211-4-CIL have been awarded the tidy sum of $29.33 as payment that represents my part of the remaining Settlement Fund due to court order.

My attorney failed to mentioned how much Gilardi & Co LLC walked away with.

Class action suits are a hoot.
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Old 12-16-2014, 03:39 PM   #2
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A classic example, IMHO, of what is wrong with the legal system in this country.

These articles might be behind a paywall. So, I will toss in a few quotes.

A $21 Check Prompts Toyota Driver to Wonder Who Benefited from Class Action - Law Blog - WSJ

Quote:
Mr. Sourbeer says he doesn’t begrudge the money awarded to the lawyers, but says his $20.91 check got him thinking about the ultimate winners and losers of the litigation. He writes:

I got angry because of the economic loss caused by this lawsuit in the years following the settlement. For me to get that $20.91 check is costing Toyota more than half a billion dollars in litigation, fees and the settlement awards.

How much will that cost me in the future? Will it add $200 to the price of my next car? Or $500? Or $1,000? Maybe that’s too much of an add-on in this case. But is it too much when we start totaling the lawsuits that hit all the products we buy every year? Why do we have so much litigation, and why are courts (and the juries of our peers), awarding so much money in situations when lawyers have produced so little, comparatively, for their clients?
Jonathan Sourbeer: A Close Reading of My $20.91 Settlement Check - WSJ

Quote:
So I went to the website printed on the bottom of the check statement to find out more. Straight from the FAQ page: The court awarded attorneys fees totaling $200 million, plus $27 million for expenses. And what did that get? Well, besides my $20.91 check, the 25 primary plaintiffs and class representatives—those connected directly to the case and participating in the actual lawsuit—received $395,270.

You read that right: The group of some 85 attorneys and their firms made about 500 times as much as the total amount the primary plaintiffs received.
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Old 12-16-2014, 03:39 PM   #3
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Quote:
Originally Posted by mickeyd View Post
I've been advised by my attorney out of San Rafael, CA 94912 that I (and others in the eligible class) under claim #TMAUA1-28239211-4-CIL have been awarded the tidy sum of $29.33 as payment that represents my part of the remaining Settlement Fund due to court order.

My attorney failed to mentioned how much Gilardi & Co LLC walked away with.

Class action suits are a hoot.

We got a check.
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Old 12-16-2014, 04:22 PM   #4
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We got $33.67 and it has already been spent. Woo hoo!!!
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Old 12-16-2014, 04:26 PM   #5
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Originally Posted by braumeister View Post
We got $33.67 and it has already been spent. Woo hoo!!!
I'll have to contact my attorney in CA and inquire as to why I was obviously shorted a few bucks.
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Old 12-16-2014, 04:36 PM   #6
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I was part of 2 separate class action suits as an AIG stockholder. I got a check for something like $8.67 on one, and the other I got a letter stating that as part of the settlement my portion was too small so no check was forthcoming.
My 2 children are attorneys, so I guess I'm allowed to say this: only the attorneys come out ahead on these class action suits.
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Old 12-16-2014, 05:22 PM   #7
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Old 12-16-2014, 06:00 PM   #8
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Originally Posted by mickeyd View Post
I'll have to contact my attorney in CA and inquire as to why I was obviously shorted a few bucks.

The attorney took his/her cut?


We got $29 and some change, too.
No attorney fees, though.
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Old 12-16-2014, 06:31 PM   #9
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How much will Toyota owners receive?
The amount consumers receive depends on the model and year of their Toyota, and the U.S. state in which the owner bought the car.
For Toyota Owners: Unintended Acceleration Lawsuit Settlement
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Old 12-16-2014, 06:36 PM   #10
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Darn - my highlander-hybrid is too old to qualify... That would have been a nice meal out with the hubster. (We split entrees so we could even have left a tip.)
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