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The problem is incentives. For example, maybe TicketMaster screwed the public out of $50 million, but the lawyers are willing to settle for $10 million, of whic
by fragsworth 7y ago
The problem is incentives. For example, maybe TicketMaster screwed the public out of $50 million, but the lawyers are willing to settle for $10 million, of which they take home $3 million and the public distributes the rest. It's not necessarily fair and the public doesn't necessarily have an alignment of interest with the lawyers.
- gowld 7y agoOk but you are just making up fake numbers
- AuryGlenz 7y agoI was the class representative for a class action suit against Sharp. When the lawyers agreed to a settlement I had the option to turn it down, but they warned me that they didn’t think they could get anything else out of them and that we’d probably lose at trial. I’m not sure what would have happened if I said no, but I heeded their advice. The lawyers got a lot, I got a little, and everyone else got even less. From what I remember the judge presiding over the case decides how the money is split. It did end up costing Sharp a fair amount though, so that’s nice.