I got into this class action lawsuit about 4.5 years ago. The attorney sends an update every Friday with a video, usually. Sometimes more emails than that. I'm looking for the one that said that the total figure, from organizations, insurance companies, even some pharmaceutical companies (go figure) was for $5.45 billion for 82,000 men. Figures of $10,300, then $20,600, then almost $30,000 were mentioned. Then they offered $3,500 to make it "go away". I was informed that 15,000 men took that offer. That left 67,000 men. Another email said the amount to be dispersed was $2.6 billion. I assumed that was after the attorney's fees, but was not told that. And yes, I know what happens when one assumes.
I received an email that my settlement claim was almost $550,000. Then a follow up email said to add 2.4% to that. Then an email came with a form for the 1.5% initial check, I filled it out and have received that check, but 46% was taken out. If 46% is taken out of $550,000 then that leaves $297,000 which is nothing to sneeze at but still a far cry from the original. I have never been in a class action lawsuit so this is all new to me.
In my case, I did not join for any money. My wife and I are pretty well off and don't need it. I will give at least 10% of it away and the rest will be invested. I doubt if I will ever enjoy it as I am 73 with a bad heart. I joined to add my voice and to offer suggestions as to how to prevent this in the future, which I have done so twice with BSA officials. Even if the amount was $10 million, that does not give me a "do-over", erase memories or heal emotional scars, but what else can be done? I almost wish I had never joined the law suit. I kept quite for almost 6 decades and pretty much forgot about it. But is has been on my mind quite often for 4.5 years.
Someone posted an analysis of these Exhibits on Google Docs. I cannot vouch for the accuracy of this information. If you have an attorney, they should be going over these options with you.
Exhibit Analysis - Google Docs
The settlement fund is 2.4 billion; the way a settlement matrix works is in every case is the total payout cannot exceed the fund. There is 1.4 billion in the fund right now with about 1 billion pending (the settlement defendant holdouts, expected property sales, etc ... ). People will get paid out on a percentage of the total fund scored against the other plaintiffs. Where are these crazy large fund numbers above 2.4 billion originating from? Are the lawyers pumping up people still?
I expect that all of the lawyers involved will file at the last possible moment to keep this going the longest possible, simply to be able to drag out billing and sucking as much money away from the victims to their own accounts.