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by ihuman 2526 days ago
Isn't it normal for class-action lawsuits to have a low payout per person?
1 comments

It's definitely normal for the class members to receive little payout per person, but a lot of that tends to have to do with astronomical legal expenses.
The real winners of the current setup are legal firms. Doesn't matter who is suing who, or who wins or loses. Lawyers are going to get paid.
I had it described to me that class actions are less about making the wronged parties whole, and more about forming large enough sticks to beat misbehaving entities about the head with.
In a class action, lawyers don’t get paid if they lose.
No. Lawyers get about half. That's a lot, but class members each getting a pittance isn't much different from getting twice a pittance. Substantial payments to everyone in a class would wipe out the defendant.
Is that actually bad? I'm not really sure why preserving entities that severely wrong large classes is necessarily a desirable goal.