Insurance will cover the costs of the settlement and Dr. Phil McGraw will have no personal obligation to contribute to the fund.
Amazing!All a "reasonable" person need do is take a look at Dr. Phil to realize that either his diet program was BOGUS or he was too dense to use his OWN products. WHY would ANYONE believe a DOUGHY television talk show host had the cure for fat?
Step #1 Dr. Phil offers fraudulent product.Step #2 300,000 consumers purchase the product for $100 eachStep #3 Dr. Phil recieves $30 million in revenue with net profits of $23 millionStep #4 300,000 consumers determine product to be fraudulentStep #5 One law firm stokes a precious 50 of the 300,000 consumers into a smoldering frenzy with promises of a huge payout.Step #6 Law firm begins national ad campaign through which an additional 100,000 clients are added to the original precious 50Step #7 Class Action is achievedStep #8 Dr. Phil "lawyers up"Step #9 Negotiations begin.Step #10 Resolution attained.Of the $23 million profit, Dr. Phil must pay his lawyers a whopping $1 million. An additional $10.8 million is turned over to the class action law firm. The law firm pays the advertising expense of $1.5 million leaving a balance of $9.3 million. Lawyer fees total $8 million which leaves $1.3 million to be divided among the 100,050 consumers of the suit. Each participant of the suit recieves $13 from their original $100.Dr. Phil makes $11.2 millionDr. Phil's lawyers make $1 millionClass Action lawyers make $8 million.We call that the American Dream.
It's "how's that working for ya," not "how's that working OUT for ya."I love Dr. Phil, but hey...nobody's perfect.
Hey fat people, quit eating so much.
5:48 is right - quit eating so much.America "feeds" on folks with impulsive behaviors. Even lawyers get their "slice" of it......Keeps them in business.
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