| reply to quatrix
Re: Yay! said by quatrix:No, score one for gold-diggers and frivolous lawsuits. Exactly, most class action lawsuits do nothing but drive the prices we pay up. I get several notifications per year of me being involved somehow in some stupid class action suit, and I have yet to get anything worth while. The latest class action was with some credit monitoring thing I signed up for a couple of years ago, all I get is one free month of service. However, rest assured, the lawyers involved received millions of dollars in compensation.
--
"I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies." Thomas Jefferson |
|
 hopeflickerCapitalism breeds greedPremium
join:2003-04-03
Long Beach, CA
kudos:1 | said by texans20:said by quatrix:No, score one for gold-diggers and frivolous lawsuits. Exactly, most class action lawsuits do nothing but drive the prices we pay up. I get several notifications per year of me being involved somehow in some stupid class action suit, and I have yet to get anything worth while. The latest class action was with some credit monitoring thing I signed up for a couple of years ago, all I get is one free month of service. However, rest assured, the lawyers involved received millions of dollars in compensation. So do we just allow these corporations to walk all over us?
--
Religion does three things quite effectively: Divides people, Controls people, Deludes people. |
|
| said by hopeflicker:said by texans20:said by quatrix:No, score one for gold-diggers and frivolous lawsuits. Exactly, most class action lawsuits do nothing but drive the prices we pay up. I get several notifications per year of me being involved somehow in some stupid class action suit, and I have yet to get anything worth while. The latest class action was with some credit monitoring thing I signed up for a couple of years ago, all I get is one free month of service. However, rest assured, the lawyers involved received millions of dollars in compensation. So do we just allow these corporations to walk all over us? That's what 'free market'ers seem to want. Many fail to realize that the idea behind a 'class action' is not necessarily to realize large damage awards for the members of the class, but to provide large enough punitive awards to the class as a whole to deter the corporation from doing wrong/illegal/damaging activities. |
|
hopeflickerCapitalism breeds greedPremium
join:2003-04-03
Long Beach, CA
kudos:1 | I, for one, do not care if i was to receive a small $$$ amount from a class action suit. I would just hope that a suit alone would change a corporations business practice. If lawyers win big bucks, so what. As long as the shady business practice ends.
--
Religion does three things quite effectively: Divides people, Controls people, Deludes people. |
|
| And that's the point of class action suits. In very rare cases are the actual complainants looking for large damage awards. In most cases class actions are launched and prosecuted with the understanding that the claimants will get little other than a promise of behavior change by the corporation while the lawyers get a nice payout for taking the risk.
Do I agree with every class action? No, but in the vast majority of cases they are used the advantage of consumers in a system where government is no longer protecting consumer rights. |
|
 FiLPremium
join:2005-08-16
Silver Spring, MD | Erin Brokavich, anyone? |
|
|
|
