Your conclusion assumes that the plaintiff will be funding this suit through a retainer. However, if there is a reasonable basis for the allegations Labret raised, and the class of potential plaintiffs is large enough, many law firms would take a large class action suit on contingency. While most reserve the right to charge for costs in their retainer agreements, this is normally ignored in light of the large potential settlement.
Another factor militating towards class action firm involvement is the number of defendants, whether they can get a "deep pockets" defendant [probably the card processor], and whether a government agency, usually the FTC, has made a preliminary investigation on which they can "piggyback." The latter is normally the approach firms use in filing class action suits -- used most extensively in shareholder derivative suits.
If the factors above are present, then cost may not be an issue. The question that may be left is...do you have the time to do this?
Keep in mind, assuming that a class action is successful, the plaintiffs normally end up with cents on the dollar. This is the case with most shareholder derivative suits.
Quote:
Originally posted by rollin:
you guys are overlooking the time and money it costs for this kind of suit 
it's not worth it...LOL
maybe if you pushed $100,000 a month through the sponsor, and you know they shaved $30,000 for like 9 months straight lets say. then you have $30,000 x 9, @ $270,000 total shaved...a law firm would take a look at your case for probono then hehe
|