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> There are three parties here: HP, the people they hurt, and the class action lawyers. You need to break apart the class action members from ”people they hurt
by klabb3 2y ago
> There are three parties here: HP, the people they hurt, and the class action lawyers.
You need to break apart the class action members from ”people they hurt”. The members of the class can be more narrow and easier to prove. The lawyers should have incentive to maximize damage x members.
> the class action lawyers to get a resolution that doesn’t cost HP too much
Naively, the incentives should be aligned with the class action members at this point. Why not? Can the lawyers negotiate directly with HP to increase their share of the pie?
> doesn’t bind HP’s future actions
Yes, but isn't that just water is wet? Like, the members want compensation, not different behavior in the future. (Unless it’s a defendant you need to continue doing business with like an employer). I thought class actions was supposed to act as a deterrent.
- stonogo 2y agoThe incentives are not aligned with the class action members: sweetening the pot to get HP to accept the settlement means the lawyers can move on to another case, instead of this one dragging out.