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This settlement itself is a scam. It looks like a cunningly smart settlement announcement. Offer something that looks like a worthy settlement, drive millions
by calvinbhai 7y ago
This settlement itself is a scam. It looks like a cunningly smart settlement announcement.
Offer something that looks like a worthy settlement, drive millions of people to get the cash option, then claim that too many are going for the cash option, so they'll all get peanuts now (if 10 million chose cash option and only 31 million is available, then it's $3 per head?).
That's a cheap way to get rid of any liability in the future.
Facebook didn't get hacked, and was fined $5 billion (do affected facebook users get anything from that amount? not sure)
Equifax leaked extremely important details of persons, and was fined peanuts. How does this make sense?