Reply With QuoteNo, but I'd love to know about it. Tell us more, tell us more!
"Anthony Giorgianni" <net> wrote in message
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Ford Explorer: Proposed Firestone Settlement
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- 09-19 06:34 PM #1AnthonyGuest
Proposed Firestone Settlement
Anyone get that proposed Firestone tire settlement in the mail?
Anyone have an idea what it means beyond millions for attorneys?
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Anthony Giorgianni
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- 09-19 09:05 PM #2B.Guest
Re: Proposed Firestone Settlement
- 09-20 03:56 AM #3AnthonyGuest
Re: Proposed Firestone Settlement
Oh, I got it in the mail the other day.
Here is a link that has most of it: http://www.firestonesettlement.com/
There is something in it about incentive awards of $2,500 per plaintiff. I
don't really understand it.
This seems to be the whole thing:
http://www.firestonesettlement.com/noticedoc.html
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- 09-20 04:35 AM #4RatbertGuest
Re: Proposed Firestone Settlement
Anthony Giorgianni wrote:
It looks to me like that $2500 is for those who originally filed
lawsuits. As I read it, owners of the affected tires just get new
tires, if they haven't already.
- 09-20 12:30 PM #5VicGuest
Re: Proposed Firestone Settlement
You got it. The original plaintiff gets $2500, Firestone agrees to make
a "high speed tire" and to conduct a $5 million consumer education
program (read: advertising, that's what "we" get), and the lawyers get
$9 million. Makes you feel all warm and fuzzy, doesn't it?
=Vic=
Bear Gap, PA
Anthony Giorgianni wrote:
- 09-20 03:13 PM #6AnthonyGuest
Re: Proposed Firestone Settlement
I'm not sure, Vic.
This IS a class action suit. "The plaintiff is Terri Shield, on behalf of
herself, and all others similarly situated." I would guess it comes down to
what similarly situated means.
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Anthony Giorgianni
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"Vic Klein" <net> wrote in message
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- 09-20 05:04 PM #7AZGuyGuest
Re: Proposed Firestone Settlement
On Sat, 20 Sep 2003 15:13:52 GMT, "Anthony Giorgianni"
<net> wrote:
All I see of any significance is that -
- The attorneys will get up to $19 million
- For seven years Firestone has to do a media campaign costing at
least $5.1 million per year on tire safety. Which will really amount
to a small part of their advertising budget and will amount to little
more then advertising.
- anyone who has not already gotten their old tires replaced for free
can do so. The only thing different here is that before this
settlement you were not able to get any remaining tires replaced as
the "cutoff" dates had passed. So this may allow a few hundred more
people to get free tires.
It's the all to common end of a class action lawsuit - lots of money
for the attorneys and not much else.
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