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> Many class-action suits end up with a result of lawyers get $50 million, and everyone who bought a product gets a coupon for more of that product. Who pays t
by philsnow 11y ago
> Many class-action suits end up with a result of lawyers get $50 million, and everyone who bought a product gets a coupon for more of that product.
Who pays that $50M to the lawyers? It's a zero-sum game, where should the plaintiffs win, the defendant loses big with very little effort on individual plaintiffs' parts.
What other remedy do consumers have against abusive corporations who act in bad faith, knowing full well that individuals won't take 40 or 400 hours out of their life to fight over $300?
I can absolutely see it going the other way as well, where an activist (or sock puppet for a competitor) can rally together a mob of people against whatever company they don't like this week. My response to that is that, in general, companies are in a position to defend themselves and should regard defending these cases as a cost of doing business.
The alternative is to ask consumers (especially those in poverty) to enjoy death by a thousand cuts as dozens of companies each take their pound of flesh from each and every one of them. In this case, the "cost of doing business" takes food off the table.