The Financial Breakdown

Woodlands Class Action

If you hire Klein Lawyers and your claim is successful, then certain legal fees, taxes and disbursements will be deducted from your award.

Legal Fees

There are two types of legal fees that will be deducted from your award:

  1. Class Counsel Fees (15% of your award); and
  2. Individual Counsel Fees (12.18% of your award).

Together, these fees total 27.18% of your award – less than what other lawyers would typically charge for the same work.

The Class Counsel Fees are charged for the extensive work Klein Lawyers did to obtain the Settlement. This work was done for the general benefit of all Class Members, allowing you to make a claim without having to sue the government directly. The Class Counsel Fee has been approved by the Court and is payable by anyone who receives an award under the Settlement (even if they don’t hire Klein Lawyers to make their individual claim).

The Individual Counsel Fees are charged for the work Klein Lawyers does to file your particular claim under the Settlement. This work is separate from the work required to obtain the Settlement because it focuses on your individual claim.

If your claim is not successful, you will not have to pay anything to Klein Lawyers (although if you hired another lawyer, you may have to pay their fees).

Taxes

GST (5%) and PST (7%) will be charged on both the Class Counsel Fees and the Individual Counsel Fees. After July 1, 2010, HST will apply instead.

Disbursements

Disbursements are out-of-pocket expenses that Klein Lawyers incurs on your behalf (e.g. photocopies, expert reports, etc.). To recoup these expenses, 2% will be deducted from your award in connection with the Class Counsel work and approximately 1% will be deducted from your award in connection with the Individual Counsel work.

The following chart is an example of the fees you would pay on an award of $10,000.00 if you hire Klein Lawyers to make your claim:

Gross Award:
(Total Award Ordered By The Court)

$10,000.00

Class Counsel Fee:
(15% of Gross Award)

-$1,500.00

GST:
(5% of the Class Counsel Fee)

-$75.00

PST:
(7% of the Class Counsel Fee)

-$105.00

Disbursements on Class Counsel Work:
(Always 2%)

-$200.00

Net Amount:
(Net of Class Counsel Fees, Taxes & Disbursements)

$8,120.00

Reminder: The Class Counsel Fees, Taxes and Disbursements are payable by anyone who receives an award under the Settlement Agreement, even if you don’t hire Klein Lawyers to make your claim.

Net Amount:
(Net of Class Counsel Fees, Taxes & Disbursements)

$8,120.00

Individual Counsel Fee:
(12.18% of Gross Award)

-$1,218.00

GST:
(5% of the Individual Counsel Fee)

-$60.90

PST:
(7% of the Individual Counsel Fee)

-$85.26

Disbursements on Individual Counsel Work:
(Approximately 1%)

-$100.00

YOU TAKE HOME:
(Net of all Fees, Taxes & Disbursements)

$6,655.84

Claim Form and Settlement Agreement