Merck agrees to settle 562 Propecia/Finasteride US lawsuits

#42

That can’t be right. What you probably agreed to is that they take 33.33% of the settlement, which is industry standard. But because payouts were terribly low, their administrative costs and fees ended up taking more than 50% of the settlement in addition to the 33% they get.

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#43

Ah. You’re probably right!

#44

Like Rt1980, I only got 33% of the settlement amount. They deducted attorney fees, case associated expenses, a common benefit fee, a lien resolution fee, and an administrative fee. That ended up taking 67% of gross settlement. What a joke!

Is there anything we can do? Or are we, as usual, screwed?

#45

Probably not. My law firm claims they even reduced their cut of the lawyers’ fees since the settlement fund was so small. Either way, I’m going to be asking for a full accounting of their fees outside of the 33.33% they get from the settlement. It’s probable that there’s specific charges to your case (for example, I spoke with an attorney once or twice), and I wouldn’t be surprised if they either overcharged for those or just made up a number. I want to see exactly where their costs/fees went rather than some useless line-item charges.

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#46

It wouldn’t surprise me if some of the lawyers who are suing Merck are actually on Mercks payroll.

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#47

Hello everyone, would it be possible to know what convention you have signed because your benefits appear very little on arrival … Sorry for this question but I think I will also complain and I would like to have information. Thanks in advance.

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#48

The Sanders Firm ended up consolidating most if not all of the defendant cases. Standard practice for contingent class action lawsuits is for firms to take 33.33% of the judgment plus fees. The fees aren’t a big issue if the settlement is large, but in this case since the defendants essentially lost with such a tiny settlement fund, lawyer’s fees + their 33% cut left everyone with a laughable amount of money for permanent long-term pain and physical injury.

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#49

Thank you very much for your information Spolistique.

#50

Are you guys all with the Sanders firm? I haven’t received mine yet and they keep telling me that they aren’t dispersing funds yet and don’t know when they will. I think they are all sketchy.

#51

Yeah they are dispersing funds. The person you spoke with is either dumb, uninformed, or lying.

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#52

Hey Spolistic, have you gotten any answers from the Sanders firm yet? I plan on calling too. Are they willing to give us a more detailed breakdown of their fees?

#53

As always, they’re incredibly difficult and have basically ignored me after assuring me they’d send the info. I had to call 4-5 times before I finally got someone to confirm when they were finally sending me the info, and they sounded annoyed that I was calling. Like most law firms, they don’t want anything to do with you once they have your money :wink: Will let you know what I receive when I get it.