LostInWoods
join:2004-04-14
| Class Action. Ugh...
IMO, class action lawsuits are almost always about enriching the attorneys. How has the "class" been injured, and how will they be compensated?
Answer: they haven't, and they won't, but the lawyers will be paid handsomely to go away. Sickening... |
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fireflier
Coffee. . .Need Coffee
Premium
join:2001-05-25
Limbo
 ·Skype
| Class action suits can also be used as a means of financially punishing the company being sued. The reason for suits are typically twofold:
1) To reward someone who was wronged.
2) To punish someone who engaged in wrongoing.
In many cases, the two are mutually exclusive. In the case of class actions, while the attorneys are typically the most rewarded, the compensation for such suits is often much larger for class action suits which is also a larger "punishment" for the company being punished and thus a greater disincentive than a win by a single individual might be if the offense is relatively minor.
Not saying it's right that attorneys walk away with huge sums while the complaintants in the class get small rewards, but in such cases, many times the complaintants would rather see the offender financially spanked than to reap massive personal rewards for relatively small but widespread infractions.
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Tradition: Just because you've always done it that way doesn't mean it's not incredibly stupid. --despair.com |
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baj475
join:2004-11-02
Chico, CA
·Future Nine Corpor..
1 edit | reply to LostInWoods
“ ... class action lawsuits are almost always about enriching the attorneys.” Yes, but do not ignore the saying that the enemies of my enemies are my friends. If the attorneys succeed, they will deserve our thanks for all the punishment they can inflict on NebuAD and those who conspired with them. Their actions may also help detour those who may be planning on copying NebuAD's business model. |
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