from the ripping-people-off-is-fun,-creative-and-legal! dept
Has there ever been a class action settlement that actually made all the people who were harmed whole?
Because somehow I doubt it.
When Arco was sued for charging people fees on their debit cards, I got two separate checks for around $70 each. I don’t think I ever paid anywhere near that in $0.35 fees. Every other one had been a scam though.
The class action settlement allows the corporate to release the litigation reserves…
Likely reavered 1 billion, paid out 10m, rest is is sweet clean profit!
Regulatory shit works the same way.
They want the action so they can close their books on the issue and recognize the income from the crime
Trying to bring back Slashdot?
Also the rule of law died yesterday with a whimper.
