You know this will go on for years. Anyone that took the "payout" will at least get something, although no where near where it should be. A million a piece should have been the starting point withs adds from there. Even at a million, the plaintiff would end up with maybe $20K.
Gosh, I had not heard of a settlement offer that low! I've heard from many plaintiffs whose offers have ranged from about $50,000 to $150,000, which are then reduced by 50 pct or more due to attorneys fees, and medical insurance reimbursement.
We were offered a settlement based on a point system. My husband died in 2001. We were assigned a base of $10K from which attorney fees (plus expenses plus medical liens, if any) will be deducted. We are asked to accept offer, amount unknown, which may be nothing. I am 81 (a widow). Our case is included in a group lawsuit in Missouri. No court date.
Attorney fees should not exceed 40% and I believe the any settlements awarded are not subject to tax for the plaintiff, however, the 30% to 40% collected by law firms would like be taxed….have to refer to your contract whether that comes out of the plaintiff settlement.
Point being I believe a $1M settlement would end up roughly around $500 to $600K. But that’s still not enough, however, I would assume that it’s likely contingent on the parameters surrounding each case.
I don’t see a scenario with said settlement amount ending with the plaintiff only getting $20K.
to $20.5 million before taxes, fees and insurance reductions. But- that was not was a settlement; that was a jury award. The settlements are entirely different.
I’m really sorry you’ve had to go through all that. I know I’ve read an article about your story….coffee plantation you owned and operated in Hawaii maybe?
See ya Werner…think he might have been the only person in the world that thought buying Monsanto was a good idea.
https://www.reuters.com/breakingviews/bayer-has-29-bln-reasons-say-bye-bye-ceo-2022-03-29/
And I am still waiting, seven years after my claim was filed in Hawaii…….
The system is just so unfair!! In so many ways.....
You know this will go on for years. Anyone that took the "payout" will at least get something, although no where near where it should be. A million a piece should have been the starting point withs adds from there. Even at a million, the plaintiff would end up with maybe $20K.
You are right; the settlement offers have not amounted to much for the individual plaintiffs.
A lot less! Like $10K BEFORE attorney cut minus expenses and medical reimbursement.
Gosh, I had not heard of a settlement offer that low! I've heard from many plaintiffs whose offers have ranged from about $50,000 to $150,000, which are then reduced by 50 pct or more due to attorneys fees, and medical insurance reimbursement.
I
We were offered a settlement based on a point system. My husband died in 2001. We were assigned a base of $10K from which attorney fees (plus expenses plus medical liens, if any) will be deducted. We are asked to accept offer, amount unknown, which may be nothing. I am 81 (a widow). Our case is included in a group lawsuit in Missouri. No court date.
Monsanto continues to punish innocent victims.
Attorney fees should not exceed 40% and I believe the any settlements awarded are not subject to tax for the plaintiff, however, the 30% to 40% collected by law firms would like be taxed….have to refer to your contract whether that comes out of the plaintiff settlement.
Point being I believe a $1M settlement would end up roughly around $500 to $600K. But that’s still not enough, however, I would assume that it’s likely contingent on the parameters surrounding each case.
I don’t see a scenario with said settlement amount ending with the plaintiff only getting $20K.
the first lawsuit was awarded $285M which would have netted him approximately $22M
The $285 million was cut upon appeal
to $20.5 million before taxes, fees and insurance reductions. But- that was not was a settlement; that was a jury award. The settlements are entirely different.
You were diagnosed with CLL correct? I recall your name from years back.
NHL Stage 4
I’m really sorry you’ve had to go through all that. I know I’ve read an article about your story….coffee plantation you owned and operated in Hawaii maybe?