One day you people will understand why people sue for obscene amounts of money. No one expects to get 30 million from a lawsuit but if myspace can settle for 1 or 2 million, do you think they're going to turn it down? The lawyer gets 35-50% and after that the kid still has a good chunk of change to go to the bank with.
Edit: It's the same reason why people ask too much for cars. If someone's asking 5k for a car and they're willing to take 3,500, when some low-baller comes along and offers 4k, the person still gets more than what they wanted to get.