From this morning's Contra Costa Times...
"This is a royal rape for the subscribers," said David Hakala, a former
AOL subscriber and an editor at Boardwatch Magazine. Hakala added, "I
wouldn't take this deal. The AOL subscribers should reject the
deal and fire these lawyers."
Based on the $2.75 million in attorney's fees, Hakala maintains the AOL
plaintiffs should be entitled to $8.25 million in cash--not the $500,000
proposed in the AOL deal. Hakala used a standard rule of thumb whereby
plaintiff attorneys receive a contingency fee that's one-third the
Robert Seidman opposes the proposed settlement
Early analysis of the proposed settlement
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