Proposed Lowe’s Drywall Settlement Offers Small Payouts to Victims, Big Fees for Attorney

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Real Estate Agent with JustListedKnoxville.com / Signature Homes

The $6.5 million settlement would pay relatively small amounts to individuals who had the tainted drywall in their homes. But the handful of attorneys who quietly negotiated the deal will receive a separate payment of $2.1 million. Victims will be compensated mostly in Lowe’s gift cards, offered in the amounts of $50, $250 or $2,000, depending on the level of documentation they can provide. Those who can prove they’ve suffered more than $2,000 in damages may also receive up to $2,500 in cash.

http://www.propublica.org/article/lowes-drywall-settlement-small-payouts-to-victims-big-fees-for-attorneys

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Rainer
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Bernadine Hunter, SFR, ACRE
Keller Williams Greater Columbus Realty - Pickerington, OH
"Finding Solution to Your Real Estate Needs"

That is always the way it happens. The lawyers get the big fees and consumers get next to nothing.

Aug 12, 2010 02:39 AM #1
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Rainmaker
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