Well, my ship finally came in.
When I checked my mail today (Monday, Feb. 22), there it was. With unbridled joy and mounting anticipation, I ripped open the envelope and there it was: a settlement check.
It seems I was part of a class action litigation I didn’t even know about—a lawsuit against AT&T Mobility for an overcharge of something only vaguely explained as “taxes, fees or surcharges (internet taxes)” on internet access.
And it only took 92 attorneys to win that generous settlement reward on my behalf (no kidding, 92 attorneys).
The total settlement was $956 million.
The 92 lawyers get to split $926,466.69 in legal fees. They originally wanted $239 million on the basis of the aggregate $2.94 billion value of relief obtained (the $956 million plus nearly $2 billion “going-forward relief” in illegal taxes that won’t be collected in the future).
I get $1.78.
But hey, I should be grateful. One poor soul got only six cents—about one-eighth the cost of the stamp needed to mail the check.
92 attorneys for that?