NBC airs segment on Ford settlement: Lawyers get $25 million, plaintiffs get a coupon
During the summer, everyone from NJLRA and Walter Olson, to the California Civil Justice Association (CJAC) and Ralph Nader lamented the $25 million dollar settlement trial lawyers received in a class action lawsuit involving Ford Motor Company. Nearly one million litigants who owned Ford Explorers in the 1990s argued that rollover risks diminished the resale value of their vehicles. Coupons were available (via application), to the litigants, but were largely unusable.
NBC Nightly News underscored this atrocity in during their Monday evening broadcast. They aired a segment questioning the trial lawyers’ motivation behind this class action suit, and noted that the judge awarded the $25 million figure to the lawyers for their “exceptional skill.”
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