News for hackers. Stuff that matters.

A comment on Most Uber drivers to get less than $25 from big settlement. Parent comment

Re:Most Uber drivers to get less than $25 from big settlement by gvb on Tuesday April 26, 2016 @09:34PM (#11577228)
The lawyers that were providing them counsel are anticipating receiving 25% of the settlement. If the Uber drivers did not accept the settlement, the lawyers would have a delayed (ergo more out of pocket expenses) settlement or possibly no settlement.

The lawyer's incentives were not aligned with the drivers' with respect to maximizing the driver's reimbursements.

[ Parent | on HN ]
Re:Most Uber drivers to get less than $25 from big settlement by abhi3 on Tuesday April 26, 2016 @09:43PM (#11577258)
Uber settles for = 0.0015% of their last valuation;

Lawyers make: $25 million

Drivers (he victim) get: $25 (or $12 in MA)

[ Parent | on HN ]
Re:Most Uber drivers to get less than $25 from big settlement by logiczero on Tuesday April 26, 2016 @10:57PM (#11577560)
That's pretty much how all class-action lawsuits work. You (the victim) get a check for a single-digit dollar amount that isn't worth standing in line at the bank to deposit, and the lawyers/firms on the case make millions. It's how the ABA can claim they're fighting for the little guy.
[ Parent | on HN ]