This is not true, the law firms will achieve no more than a 33.33% not the identified 50-70%.
I am very concerned I will have to pay Pfizer money back for all the years I spent in Starbucks and Panera bread as an IS rep
Riddle " The maker sells it, the buyer doesn't use it and the user doesn't know it"
What is it?
Back in the days of launching Lipitor and Viagra many of us worked 50 hours a week, when you include the evening paperwork that had to be done at home. There was NO WiFi then, only dial up. Also, there were more LAT meetings, more POA"s, more training meetings and at least One Dinner Program a week.
I remember these days fondly. And those Rohrig guys used to get up early in the hospital to hound docs in the OR lounges and ERs and push their antibiotics.
Not too long ago, we had POA meetings, and then 2 day mini-meetings because there was too much to cover. I don't remember anyone complaining about the need for OT pay back then. NOW, we hear that we are overworked and deserve OT pay? Cripes, we don't DO anything anymore, other than sit on our ass and wait for a half hour to see someone that treats us with disdain, as if we have Dengue Fever or something.
Glad my best 19 years in this company are behind me.
This is not true, the law firms will achieve no more than a 33.33% not the identified 50-70%.
Riddle " The maker sells it, the buyer doesn't use it and the user doesn't know it"
What is it?
The answer is a "coffin"; where gthe buyer is usually a spouse or relative of the deceased and the deceased is dead and doesn't care if the box is made out of cherry or maple. But everyone wants the best for for their lvoed one...but he/she is dead. That is wht cremation is better...just put my ashes in a small box, and go have beer on the money that you saved!
back to Pfizer.......my wife was victim of the Sears recommending auto-mobile services when nothing was wrong, and she did get a few coupons for future work, but she never went back there because they woudl problem jsut rip her off again....it was ingrained in their business practices....just like Pfizer's practice to always be selling off label...do what ever it takes to get the sales.
mixed thoughts here....for those that could not do reports or expensses in the field jsut wasn't working smartly.
You're wasting your time on them. These people kill me with their salivating over this supposed financial "windfall".Poster 18 here: Responding to poster 20
..To clarify my point, you are correct. Lawyers typically receive 33.33% of any amount awarded by the court as compensation. However, they are also awarded "Costs" in addition to the traditional 33.33. This is where they push the number way north of 50%. Surely, you have heard how lawyers bill... by the quarter hour. A firm with a case of this magnitue has multiple lawyers or even firms working it from every angle. Let's say they charge $500-1000/hr. (When the defendant has deep pockets, attorney fees get very costly.) It literally costs $125-250 to make a phone call lasting less than 15 minutes. Add up all the hours over the years this case has been slowly grinding its way through the courst system and the cost ends up in the 10's of millions of dollars. I think you get the picture.
Also, there are two types of damages Pfizer could be ordered to pay, Compensatory and/or Punitive damages. If they are ordered to pay punitive damages then they pay some regulatory agency (the Government). If ordered to pay compensatory damages then they pay reps. They could be ordered to pay a combination of both. So my point is that there will be a lot of vultures circling and deal making before reps get a big pay day.
To poster 21...I'm always amazed at how a person who knows nothing about law can proclaim someone else knows nothing about the law.
FYI..I am married to an attorney who has litigated several class action suits and I myself have been involved in a class action suit as a plaintiff. I was absolutely shocked after I read the seattlement agreement.... the lawyers walked away with all the money (millions of dollars) and I got a gift certificate although I had suffered significant financial damage.
Lastly, look at the recent settlement from the bank fraud class action suit. What did people who got screwed out of their homes get? $2,000 bucks?? or If you are stuck in a house that's upside down...Did you get a principle adjusted to reflect current market values?? No. You get up to 20,000 dollars which is a drop in the bucket if you are 100+k upside down.
Don't hold your breath waiting to get your back pay. Just move on.
You're wasting your time on them. These people kill me with their salivating over this supposed financial "windfall".
oh come on, justice is our jobs. Where can you go make 100,000 dollars plus bonus and company car which pays for your gas and insurance.
Really, people who think they should get paid overtime should work for Mc Donalds. They should get paid overtime. We are so lucky to have jobs like this especially during this time in our industry.
Come on everyone knows that this is really just greed from Reps that lost their jobs. This is not retrobution for anything.
What are the Pharma companies to say, So sorry we paid you a huge salary gave you great benefits, bonus's, Ace Points to win extra stuff, free car and an education.
Sorry, but all you guys are doing is ruining it for the Reps who still have a job and are happy and proud to work this job and maket this kind of money.
Just go and get another job and worry about working not about the 100 bucks you might get if you win this very silly law suite!
