"If you filed for a cash payout from Equifax as part of the credit bureau’s settlement for its massive 2017 data breach, you’re probably not getting anywhere close to $125.
On Thursday, Dec. 19, a Georgia federal judge awarded $77.5 million to the attorneys representing the class of consumers against Equifax. That’s over 20% of the roughly $380 million settlement fund Equifax agreed to set up to directly help consumers affected by the breach, according to the Hamilton Lincoln Law Institute, which house the Center for Class Action Fairness and opposed the high fee award."
https://www.cnbc.com/2019/12/19/court-awards-80-million-to-consumer-attorneys-in-equifax-case.html
Sad that I'm not the least bit surprised by this...
I've never understood fees like this. Not surprised either but I doubt it took 77 million worth money or even half that (markup yo) in terms of billable hours even from the dozens of people that probably worked on it.
I'm all for people getting paid, I myself am picking up a second gig again come January and the new one is my highest salary ever even above what dotcom salaries got up to during the gold rush so I understand grabbing all you can get, but that... 77 million for services? **bleep**.
