Comment by bluGill

2 days ago

The point of a class action is it isn't worth your while to go after them for $20 - you would win $20 - but then you have to pay your lawyers a million dollars. However if enough people were scammed the lawyers can get their pay, and better yet the cost is high enough that the company is likely to learn a lesson.

For some reason they always only manage to recover 1% of the money

  • It is still a large enough number that it appears on accounting statements. It is reported to investors. That is there are enough negatives that it gets attention and tends to change behavior