Wage Law

Personally, we think getting $303 million from a company that might not exist in six months is a great result, and if the large team of lawyers from five firms who chased that result for the past three years, with the risk that they might get nothing for their 25,000 hours of work, might end up with 19% of such an all-cash settlement (roughly equivalent to the cost of two to three very good pitchers winning about 20 games each at the major league level), the shareholders should be pleased that their nickel per share is getting a 400% return on those attorney's fee expenses.

Not everyone would agree with us, however. To some, $303 million now qualifies as a "nuisance settlement to avoid further litigation" that reaps "minimal benefit" for class members. A judge will decide who is right at a hearing on Monday December 22.