A class-action suit against a utility company resulted in a settlement of $1.4 million for 62,000 customers.

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A class-action suit against a utility company resulted in a settlement of $1.4 million for 62,000 customers. If the legal fees, which must be paid from the settlement, are $300,000, what amount will each plaintiff receive?

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Focus On Personal Finance

ISBN: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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Question Posted: Nov 22, 2018 07:29 AM

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A class-action suit against a utility company resulted in a settlement of $1.4 million for 62,000 customers.

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Focus On Personal Finance

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