[throwaway287391]

If it's meant to be punitive, shouldn't the full penalty amount get divided evenly among everyone who applies for the compensation, rather than being a fixed $6 per person who applies? Or does Equifax somehow end up losing the full penalty amount regardless (e.g. is the unclaimed amount paid to the government etc.)?

[EpicEng]

It depends on the settlement agreement, but they don't typically go back to the defendant. In this case, I found one source without looking up the actual agreement

https://www.baynews9.com/fl/tampa/news/2019/07/26/what-happe...

>Any funds unclaimed after 4-year extension will be distributed in services

>Services offered are for identity restoration, credit monitoring

And those services are from... Equifax, which I feel is pretty shitty. Like I said, I don't like the settlement itself, but lawyers get a lot of hate for class actions from people who seemingly don't appreciate the risk they take in taking in the case.

[rblatz]

I’m so so glad they took all that risk on so that I can get $6 while they get 80 million. Poor lawyers, so charitable of them.

And who gave them the right to profit massively off the violation of my privacy. I should be able to sue them. This is not justice, this is profiteering off others misfortune.

[EpicEng]

Design a better system then, I don't know what to tell you. The lawyers didn't engineer this debacle.