Why doesnt IBM have to pay the Plaintiffs attorneys, instead of deducting the fees from the settlement?
All of the settlement money comes from the defendant (IBM). Some of it gets paid out to the plaintiffs, and some of it gets paid to the plaintiffs attorneys. It is all reported as settlement money. While it feels like the plaintiffs are losing part of their fees to pay the attorneys, IBM is actually making the payment. Q22: I have more questions about the settlement. Who can I call? A: For general information about the settlement, call 1-866-716-4185 Monday through Friday (excluding holidays recognized by the New York Stock Exchange) between 9:00 a.m. and 6:00 p.m., Eastern time. If you would just like to discuss the settlement, or see what others are saying about it, join us on the IBMPension Yahoo group at http://finance.groups.yahoo.com/group/ibmpension/ If you have a question that should be added to this FAQ file, send it to Janet Krueger at janet.krueger@prodigy.net, or enter it on the Alliance@IBM web site at http://www.allianceibm.org/contact.html Cash Balance Myths There is a d
