Anonymous ID: 9fc716 March 5, 2018, 6:18 p.m. No.561507   🗄️.is đź”—kun   >>1516

>>561467

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.

Anonymous ID: 9fc716 March 5, 2018, 6:26 p.m. No.561574   🗄️.is đź”—kun   >>1583 >>1600

>>561516

 

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).