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Re:Equifax removed the $125 claim payout option after millio... by elliekelly on Wednesday July 31, 2019 @07:44PM (#20579832)
This seems to be a more frequent occurrence in the last few years with class action settlements going “viral” for lack of a better word. I believe it’s called dilution of class. In theory I think the judge is supposed to consider the number of class members & their estimated recovery before granting final approval but I suspect by that point nobody cares.
Re:Equifax removed the $125 claim payout option after millio... by bradleyjg on Wednesday July 31, 2019 @08:34PM (#20580143)
Judges so rarely reject class settlements that treating them as a check on collusion between class attorneys and defendants is a joke.