Italexit: BOOM
There’s not much compensation in class actions, unless you’re a class representative (few per class).
What they’re really great for: curbing behavior by the defendants - ending predatory or unlawful practices. Defendants change behavior, incentivized by financial losses and bad press.
Yes they’re VERY incentivizing, generally (insurance exchange underwriters) pay some portion of the millions - everyone externally is motivayed to hring in controls to curn the choices that brought the action/losses/reduction in reputations.
Lawyers, usually on contingency, make a lot. Class reps are made somewhat whole. Also, the company practices change. And, mergers are affected (like Square and other - deals are not completed with class actions on the horizon).
typos, kek
We should get a lawyer to draft the petition.