6 ms·
If it's meant to be punitive, shouldn't the full penalty amount get divided evenly among everyone who applies for the compensation, rather than being a fixed $6
by throwaway287391 7y ago
If it's meant to be punitive, shouldn't the full penalty amount get divided evenly among everyone who applies for the compensation, rather than being a fixed $6 per person who applies? Or does Equifax somehow end up losing the full penalty amount regardless (e.g. is the unclaimed amount paid to the government etc.)?
- EpicEng 7y agoIt depends on the settlement agreement, but they don't typically go back to the defendant. In this case, I found one source without looking up the actual agreement https://www.baynews9.com/fl/tampa/news/2019/07/26/what-happens-to-unclaimed-benefits-from-equifax-settlement https://www.baynews9.com/fl/tampa/news/2019/07/26/what-happe... >Any funds unclaimed after 4-year extension will be distributed in services >Services offered are for identity restoration, credit monitoring And those services are from... Equifax, which I feel is pretty shitty. Like I said, I don't like the settlement itself, but lawyers get a lot of hate for class actions from people who seemingly don't appreciate the risk they take in taking in the case.
- rblatz 7y agoI’m so so glad they took all that risk on so that I can get $6 while they get 80 million. Poor lawyers, so charitable of them. And who gave them the right to profit massively off the violation of my privacy. I should be able to sue them. This is not justice, this is profiteering off others misfortune.
- EpicEng 7y agoDesign a better system then, I don't know what to tell you. The lawyers didn't engineer this debacle.