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That would simply ensure that class actions almost completely cease to exist. And poor people (by which I mean anybody with less means than your average mega-co
by alistairSH 5y ago
That would simply ensure that class actions almost completely cease to exist. And poor people (by which I mean anybody with less means than your average mega-corp) don’t have access to civil remedies in the US.
- xyzzyz 5y agoThey would sure decrease in frequency (which is the whole point), but they would not disappear: if the legal case is good, the law companies would still take them on contingency. If the law company thinks their case is so weak that they might end up paying the defendant’a cost, good.
- alasdair_ 5y agoIf the chance of winning at trial is, say, 75%, It’s extremely likely the suit will be backed by investors, since if you back hundreds of suits, the impact of being unlucky goes away. There are many hedge funds, public equity firms etc. with easily as many resources as an average mega-corp.