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Open original source ↗Serious question for legal experts on X. In a contingency lawsuit, lawyer might make 30% of recovery. So plaintiff makes 70%. Did the plaintiff here make $1b on his 9 shares? Doubtful. What allows a lawyer to make 1000x+ the plaintiff itself? Please explain. Seems strange to me.
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This is clearly absurd. If a plaintiff w 9 shares that actually made money (no harm) can lead to a $345mm legal fee, every company in Delaware is at risk and will be targeted. Everyone should change domicile as soon as possible. Takes derivative suits into a whole new plane.
bgurley ↗