Well, in the article the author of the linked article points to a study he commissioned at the Consumer Financial Protection Bureau which found >In reality, la

Well, in the article the author of the linked article points to a study he commissioned at the Consumer Financial Protection Bureau which found >In reality, lawyers collect a small portion compared with consumers, and only if they succeed. For every $10 that a company pays out for wrongdoing, we found about $8 goes to consumers and $2 goes to pay legal costs. Of course we could take issue with this study, but unless someone can present some evidence in its favor the notion that only the lawyers ever profit from class actions seems like received wisdom "everyone just knows".