> Class action lawsuits are turning out to be a scam.
Anybody have a good idea of what proportion of class action lawsuits end up as "bad/not good enough for class members?"
Because anecdotally I think of a couple that had fairly reasonable-sounding payouts for class members. One was the Dow Corning breast implant settlement that ended up bankrupting Dow Corning and resulted in payments of $12,000 to $300,000 to class members depending on the exact symptoms suffered. Another was Collins v. United States which was settled for full back pay for all U.S. military veterans discharged under Don't Ask Don't Tell since 2004.
The anti-poaching class action settlement also paid me a handsome, if not enormous, sum for depriving me of the opportunity of working for companies that I had no intent of working for.
Anybody have a good idea of what proportion of class action lawsuits end up as "bad/not good enough for class members?"
Because anecdotally I think of a couple that had fairly reasonable-sounding payouts for class members. One was the Dow Corning breast implant settlement that ended up bankrupting Dow Corning and resulted in payments of $12,000 to $300,000 to class members depending on the exact symptoms suffered. Another was Collins v. United States which was settled for full back pay for all U.S. military veterans discharged under Don't Ask Don't Tell since 2004.