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Former Yahoo Advertisers Objecting To Class Action Settlement After Realizing They Get Nothing
from the but-the-lawyers... dept
We've discussed in the past how the class action lawsuit process if often abused mercilessly. While the concept of a class action lawsuit can make a lot of sense, as you look at the details of many of the lawsuits, they do little to nothing to benefit the "class," but plenty to make the lawyers involved quite wealthy. Eric Turkewitz, a personal injury lawyer who actually does tend to like class action lawsuits, finds himself on the other end of one such class action lawsuit -- involving charges of click fraud being allowed by Yahoo! -- and is now objecting the settlement which pays the lawyers a ton, but offers absolutely nothing to many former Yahoo advertisers, like Turkewitz. In looking over the details of the settlement, he realized that the only companies that would be getting paid (and by getting "paid" it meant $20) were companies no longer in business (which, he notes, also means they're not likely to file). Once again, we're seeing a "class action settlement" where the lawyers all make out, but the "class" seems to get shafted.
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Whaaaaa?
I'm shocked, *shocked!*
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and when the revolution comes
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Re:
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Should be opt-out
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Yesterday there was a $10 check in my mailbox from a lawsuit settlement over the price-fixing of computer memory chips. I paid $60 eight years ago for memory to upgrade my Thinkpad from a company named Crucial, and they threw in free Fedex next-day shipping. The computer is now in the bottom of a landfill, long forgotten (relax, you global warming freaks, I donated the Thinkpad to a charity that recycles computers.) I was not harmed in any way by Crucial, yet they were obligated by some bogus class-action lawsuit to reimburse me $10 for the purchase of merchandise that worked as advertised. If it wasn't for the lawsuit, I would have forgotten all about it.
I'm still waiting on my IPOD settlement. Boo-hoo, the screen was easily scratched, so I'm deserving of my share of the class-action settlement pie. $9.00 and some change I'm waiting for.
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