ThePalace wrote:
What bothers me most about all this is the lie:
(This will save our tax dollars.)
Wow! Amazing stramwan hat you're wearing there.
Where exactly in that article did anyone say this was about saving tax dollars? While that may be true in a very third-hand way (Settlements in class actions come out of profits, and reduced profits mean lower taxes paid by corporations, which then have to be made up elsewhere), but that's a really really far flung side issue here. Irrelevant much?
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No, it won't, because they're not reducing judges pay. They're not keeping the BS lawsuits they claim are messing things up out of court. They're only limiting how much a ligitimate victim could get.
No. What it does is force class action suits to either be held in the state where the bulk of the victims are (and presumably where the company is located) or in federal court. Did you even read the article? Or just make stuff up?
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(This is just to stop illigitimate suits.)
How does this stop illigitimate suits? It doesn't.
Eh? Again. The words "legitimate" and "Illegitimate" never once appear in that article. They do mention that some may be thrown out, but that's because of the venue restriction. What was happening before is that they'd shop around for some small county judge who'd allow the case to proceed and hold it there. So there could be 100,000 people involved, in 100 counties spread across 10 states, and the plaintifs would hunt around for the one county that would hear the case even if the other 99 tossed it out.
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Illigitimate suits get thrown out of court. Rewards are never an issue, and capping them is pointless, because they don't reward illigitimate cases.
What does this do? Caps mostly legitimate rewards, because legitimate cases are the ONLY ones that should be getting rewards. Sure some illigitimate cases get through, but this won't stop them. This does nothing about that.
Um... did you read the article? Even a little bit? This does not cap final rewards at all. What it does is require that lawsuits with a sought after reward of 5 Million or more, must be held in the state where the primary defendant and 2/3rds or more of the plaintiffs are. Otherwise it's held in federal court.
There's no capping of rewards here. It's just putting more requirements on cases with higher rewards. So you can't find some judge in bumbletown USA who'll award 200 million dollars to people spread across the US, only maybe one of which lives in his county, purely because he doesn't like the company.
How about you actually read the article before commenting on it?