gcteacher, apology if my comment offended you - absolutely, not intended. However, it remains a fact that the decision to settle/close a case in class action (and similar cases) is with the lawyer (and/or litigation funder, who heavily relies on advice from the lawyer) and not the client.
Given SGH current situation it would potentially make a lot of sense to settle early and recover e.g. 75-90% of costs/WIP rather than wait further 12-24 months to receive e.g. 125% of costs/WIP, where 12.5% (or 50% of profit) has to be shared with the client.
The above could be extra attractive, if you have a portfolio of cases against one/several insurers, whereby you would not need to invest further costs/wip in the portfolio to realize the value.
It is a cruel world - but lawyers are business people too....
gcteacher, apology if my comment offended you - absolutely, not...
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