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The settlement you get from a class action lawsuit has no relation to the value of the underlying tort. It is not, as an investor would say, a pricing event. E
by mattmaroon 11mo ago
The settlement you get from a class action lawsuit has no relation to the value of the underlying tort. It is not, as an investor would say, a pricing event.
Everybody’s private information would be worth a different amount if you were talking sheer economic value. A poor persons would be very little, a rich person would be worth very much.
- cs702 11mo agoYes. $30/victim is the negotiated amount at which the lawyers make an acceptable profit. I'm talking about the lawyers who initiated, orchestrated, and covered all costs associated with the class action lawsuit. They typically get ~30% of the announced settlement. The headline figure in this case was $5M, so the lawyers likely got ~$1.5M. That has nothing to do with the worth of each victim's information.