lol, I'm rich!!

[jazz4cash]

Quote:

Originally Posted by bclover lol I didn't even know there WAS a suit, the 26 cent will go into my td account.

Dang, I got a notice from a ticketmaster settlement that I hadn't heard about but I blew it off. It was a $2.50 credit towards a future purchase so 10X your windfall (provided I give them more business)!

[ownyourfuture]

Quote:

Originally Posted by Red Badger We use coinstar every couple of rears at our local grocery store.

I don't like the sound of that

[SheitlQueen]

Don't spend it all in one place!

[scrabbler1]

I remember being part of a class action suit against the airlines back in the early 1990s stemming from some illegal overcharging for tickets on flights taken in the late 1980s (back when I flew a lot). All we got were some $25 vouchers for future flights which had so many conditions and exclusions that they weren't worth the paper they were printed on.

[jollystomper]

The best class action lawsuit direct compensation I received was from one against a mutual fund company where I had funds at one point but had since closed. Apparently they were found to have not have correctly calculated some distributions and overcharged expenses for a couple of funds that I used to own. I received a check for over $300. I never had more than $10K invested with them.

I did benefit from the Saturn Vue transmission class action lawsuit, the transmission died after the settlement was reached, but before GM declared bankruptcy during the great recession and got out of paying further settlement claims. We received a new transmission for $800 that would have cost us $5000 otherwise.

Other than that, nothing but peanuts. I was notified that I was part of some class action lawsuit against Hertz for car rentals in Nevada, but the link to get updated status is dead. Oh well...

[Gumby]

I was part of a class action lawsuit involving my Honda Civic Hybrid. I got a check for $500 plus two certificates for a $500 rebate on the purchase of a brand new Honda. I was able to sell the two certificates to people who could use them for half price. So I got $1000 cash in total.

[audreyh1]

Quote:

Originally Posted by MichaelB Class action suits are a way to stop behavior that otherwise would continue unabated, and often the only option for consumers. The benefit is the settlement together with the change in business practice.

Exactly!!! Stopping the shady business practice can benefit all consumers.

[mystang52]

Quote:

Originally Posted by audreyh1 Exactly!!! Stopping the shady business practice can benefit all consumers.

Notwithstanding that both of my kids are lawyers, I only agree with this in principle. At some point a degree of fairness needs to tamper the fees in these cases. When each injured plaintiff (no matter the degree of financial injury) receives mere cents while the attorney makes huge sum, something is out of kilter.
The attorney is entitled to a reasonable fee. And in many of these class actions the number of plaintiffs in the class are so numerous that even a reduced attorney fee might only result in a truly nominal increase that the individual receives. Nevertheless, some sort of statutory limit on fees would potentially limit the silly class action suits.
Like others here I've received an occasional paltry settlement (I currently have $0.38 credit on my Barnes and Noble account). But I also recall that a number of times the supposed injury was not caused by a malicious act, in the first place. I have a problem, philosophically, with tying up judicial resources for human error class action lawsuits.

[Gumby]

Quote:

Originally Posted by mystang52 Notwithstanding that both of my kids are lawyers, I only agree with this in principle. At some point a degree of fairness needs to tamper the fees in these cases. When each injured plaintiff (no matter the degree of financial injury) receives mere cents while the attorney makes huge sum, something is out of kilter. The attorney is entitled to a reasonable fee. And in many of these class actions the number of plaintiffs in the class are so numerous that even a reduced attorney fee might only result in a truly nominal increase that the individual receives. Nevertheless, some sort of statutory limit on fees would potentially limit the silly class action suits. Like others here I've received an occasional paltry settlement (I currently have $0.38 credit on my Barnes and Noble account). But I also recall that a number of times the supposed injury was not caused by a malicious act, in the first place. I have a problem, philosophically, with tying up judicial resources for human error class action lawsuits.

If the credit in your B&N account is from the ebooks price fixing settlement, it will expire at midnight tonight if you don't use it.

[Throwdownmyaceinthehole]

I filed with a class action lawsuit on diamond monopoly maybe 15 years ago for my wedding ring and earrings bought 35 and 25 YEARS ago, and followed the lawsuit occasionally over the years. I finally got my settlement check this week. Ten bucks! Ten bucks, gosh how will I spend it!?!?!?!

[limeyx]

Quote:

Originally Posted by travelover I just got back ten bucks from the class action suit for overcharging for diamonds. And I thought that was paltry.

I got that too !

[Zorwarrior]

Congrats on hitting the big time. I hope you enjoy your retirement years.

[travelover]

Be sure to pay taxes on it.

[NW-Bound]

Quote:

Originally Posted by travelover Be sure to pay taxes on it.

Of course.

After that, I wonder if she's going to do S&P index, or pssttt... Wellesley.

[GravitySucks]

Quote:

Originally Posted by bclover So anyone remember those coinstar machines that were everywhere a few years back? well evidently a few banks including mine (TD bank) were sued because the machines were not counting correctly. I just got my class action suit payment, a grand total of....... 26 cents. It's all mine https://www.youtube.com/watch?v=t8x3vymEWfg

I'll invest that for you at 1% per annum. Better deal than Fisher.
(Love the old Bugs Bunny)

[jeeper]

I'd have to ask myself "How are they screwing me over?"

[Bimmerbill]

I just got my $10 diamond settlement check so I am in the money as well.

[JoeWras]

I figured I'd resurrect this thread since it is about class actions.

I just got a $73.07 payout! My second best class action payout ever.

This was for the GM ignition switch class action. I completely forgot I sent in the paperwork, it was submitted years ago and I haven't had the car for over 8 years. Payouts were from $48.72 to $146.15.

My payout doesn't cover the cost of my repair, which was about $300. But it was something.

At least the payout wasn't a discount on a new car and instead was cash.

[street]

^ interesting! Always fun to have a pocket full of money, and not having to work for it.

[ShokWaveRider]

Quote:

Originally Posted by street ^ interesting! Always fun to have a pocket full of money, and not having to work for it.

We call that "Not money".