Washington Mutual settles class action lawsuit (probably)

WaMu has offered a settlement of $200 million dollars in the class action suit which alleged that WaMu's stock tanked because of mismanagement and poor accounting.  This seems like a huge sum of money, but it actually only amount to 11 cents a share, before the lawyers take their cut . For stock which declined in value from over $40.00 a share to about a buck a share, 11 cents does not seem that great.