Why Class Action Lawsuits Are Not As Bad As You Think.

Verizon Makes Canceling Over Their Txt Msg Hike Impossible.

The problem here is that Verizon can take advantage of economies of scale. Say you are some kind of crusader that writes the article and/or has the experience that the author did regarding the difficulty of canceling your contract over the material increase in text message fees. They know that maybe 1 or 2 out of a million will actually take them to court over it. So they pay what, 2 or 3 grand to settle those cases? Meanwhile, they have a 50 percent increase in revenue for every text message that its tens of millions of customers are sending. If I was some kind of Verizon executive, I would be creaming in my pants over this trade-off.

Meanwhile, over the past few years, there have been constant attacks by Big Tobacco, Big Medicine, and Big Insurance to reduce the recovery that class action litigants can get. They call this “tort reform,” and to date, these attacks have been largely successful, resulting on limitations (judicial or legislative) on the recoveries that class action litigants can get.

On the other end of the assrape of the American people, you have unscrupulous class action lawyers that only seek coupon settlements because they get 30% of the value of the coupon, in cash. So even if there was a class action lawsuit, it will never result in any real recovery to the class action pool, just to the lawyers who represent them.

So basically, you, Joe Public, are getting fucked from both ends. The class action system is broken, vendors like Verizon know it, and they sure as hell take advantage of it.

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