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July 23, 2023 10:20 am at 10:20 am
#2210315
ujm
Participant
Baltimore: Class action suits where the lawyers walk away with $30 million while each of the people in the class who were harmed get $30 each? That $30 doesn’t correct their harm; it just lines the lawyers wallets — and raises prices for American consumers, who are later paying for the grossly disproportionate rewards every time they purchase a product or service.
And that’s even assuming there was some actual harm, rather than the company settling simply to avoid the costs and risks of litigation, where some otherwise uneducated or vagrant mathematically-challenged jurors trying to wrap up early to get home add some zeros to the end of the dollar figure of the award.