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20 State Multi District Settlement
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<blockquote data-quote="bacha29" data-source="post: 2365645" data-attributes="member: 58386"><p>Estimated dollar amounts contractor/ claimants will receive under the proposed class action out of court settlement ( Willis vs. fedex Ground )are being sent out. To no one's surprise contractors will receive considerably less than that which contractors in California received with the average settlement being $12,000. Indications are that the counsel for the plaintiffs wanted to wash their hands of the matter but at the same time extract as much as possible in terms of fees.. Given that the monies received will be fully taxable and for the most part lumped into one or two years each contractor needs to get with their tax adviser to see what can be done to minimize the tax liability. What really stands out in the settlement in addition to the small payment is that if a contractor accepts the settlement it will extinguish all claims from the period of July 25,2001 up to and including April 30,2016. What it means for the contractors who remain is a greatly diminished litigation window. In other words what it means for the remaining contractors is that X can now do whatever they damn well please to you and there's next to nothing you can do about it.</p></blockquote><p></p>
[QUOTE="bacha29, post: 2365645, member: 58386"] Estimated dollar amounts contractor/ claimants will receive under the proposed class action out of court settlement ( Willis vs. fedex Ground )are being sent out. To no one's surprise contractors will receive considerably less than that which contractors in California received with the average settlement being $12,000. Indications are that the counsel for the plaintiffs wanted to wash their hands of the matter but at the same time extract as much as possible in terms of fees.. Given that the monies received will be fully taxable and for the most part lumped into one or two years each contractor needs to get with their tax adviser to see what can be done to minimize the tax liability. What really stands out in the settlement in addition to the small payment is that if a contractor accepts the settlement it will extinguish all claims from the period of July 25,2001 up to and including April 30,2016. What it means for the contractors who remain is a greatly diminished litigation window. In other words what it means for the remaining contractors is that X can now do whatever they damn well please to you and there's next to nothing you can do about it. [/QUOTE]
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