RE:RE:RE:RE:Class Action Hope GrowingGenerally,
The lawyers take this on contingency. They only get paid IF they win in court for the shareholders. They usually get somewhere about 30% of the settlement plus reasonable and customary billing fees and expenses.
The money that goes to pay the shareholders and their attorney IF they prevail on the merits in court would come from some or all of these sources: The companyD&O liability policy. The directors and officers of the company who were involved in the statement of claim and had a judgement against them......and finally sometimes the company itself kicks in some of the $$ to settle it just to "make it go away".
IMO IF DD and this BOD loses, and a fraud is exposed, and they get booted, then in the long term the share price would go up. Shareholders who held shares during the class period would also get their share of the settlement.