U.S. law firm spent $7 million to sue Wal-Mart

[Casino67]

Reuters.com:

Joseph Sellers is in the hole by about $7 million and does not expect to dig his way out any time soon.

As lead counsel to the plaintiffs in the Wal-Mart Stores Inc employment discrimination lawsuit tossed out by the United States Supreme Court on Monday, Seller's law firm, Cohen Milstein Sellers & Toll, dedicated about $5 million in attorney hours and spent $2 million on experts and discovery in the decade-long case, he said.

The Court found the claims filed by as many as 1.5 million women against the retail giant were too varied to permit class certification. The Court did not rule on the merits of the plaintiffs' claims and left the door open for smaller, narrower groups of plaintiffs who could pursue other class actions. But so far, Cohen Milstein has not seen any return on its investment.

"All our fees and expenses are at risk," Sellers said, referring to the Wal-Mart case.



==============

Hope this puts the fear of God in the wannabe Kings of Tort.

[Rheo]

I agree.

[Geee]

I weep for them-sarc

[cudjo]

That's just the way it goes, take it on contingency fee and 50-50 you'll lose.