Re:The Equifax breach may be the worst leak of personal info...
by maxerickson on Friday September 08, 2017 @11:25AM
(#15200912)
Quibbling over "most" is beside the point.
There is a real issue where the incentives for the lawyers don't line up well with the interests of the class. The lawyers likely do pretty well if they settle a huge case for tens of millions and the main thing that happens for the class is they can't file a lawsuit anymore.
The financial penalty for the company is better than nothing, but it often isn't all that much and often doesn't do the class any real good either.
There is a real issue where the incentives for the lawyers don't line up well with the interests of the class. The lawyers likely do pretty well if they settle a huge case for tens of millions and the main thing that happens for the class is they can't file a lawsuit anymore.
The financial penalty for the company is better than nothing, but it often isn't all that much and often doesn't do the class any real good either.