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You might assume it's a lawyer hitting the jackpot, but the company had to pay it out of their coffers. The hit to the coffers (typically investors' money) mean
by Joakal 16y ago
You might assume it's a lawyer hitting the jackpot, but the company had to pay it out of their coffers. The hit to the coffers (typically investors' money) means the company needs to avoid doing the same issue again.
Same argument for governments. If the taxpayers are upset at government losing taxpayer dollars in court, then they have their chance to voice a change in government. The opposition could point out the waste in next election and the current government gets defeated.
If you don't want to be part of a suit for $5.00 refunds, you can put yourself down as an exception. You can then sue them yourself.
- bluedanieru 16y agoExactly. Griping about lawyers getting a payday is just class warfare nonsense. (I agree they generally get too much, but this is throwing the baby out with the bathwater). There is also the argument that when companies lose lawsuits they just pass the expense on to the consumer. I've always thought that was part of the point though. If the company in question is a monopoly however, I suppose there is some merit to that...