Intel Corp (INTC)

[Windsock]

All the class action cases are contingent fee cases, just like shareholder class action cases. The attorneys don't get paid unless they get a recovery by wining or settling the class action case.

The out-of-pocket costs for experts, travel, copies etc. are advanced by the attorneys and are recovered when they is a recovery from the defendant. If there is no recovery the attorneys will have to eat the costs.

The amount that any individual claimant can recover is trivial compared to the cost of litigation. The class action aggregates the claims of many millions of PC buyers and now the contingent fee attorneys have a big pile of money to chase after.

When there is no money the attorneys have no interest. If you total up all the representative class members and all the PC's they bought you might have a few hundred PC'S. Even an expert that uses junk science can not fake an injury of more than a few thousand $$ in damages. That is not enough to cover the cost of photocopies.

Problem number 2, is that the plaintiff's attorney took their best efforts to manufacture an injury and they failed. The Special Master found a number of fatal errors in the expert report and refused to admit the report in evidence.

expert's report contained so many failures in methodology that the report was refused admission as evidence