this post was submitted on 03 Jan 2024
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Who gets the 3m? I'm gonna go out on a limb and say it isn't the people who were deceived/lied to.
These class-actions are always peanuts in the end.
Companies should not only pay out much more for a class action but also replace the product sold. It's insane how they can just constantly steal from us and just get a tiny fine.
Yes for real, something tells me they pocketed more than $17 per victim.
The only one that's been amazing (that I can think of) so far was the class action settled against Toyota for a few years worth of the Prius.
They now have to cover the inverter under warranty for 20 years from the date that the car was first used. If your car fails because of the inverter they also pay for the tow, the car rental, and all of the repairs.
Ever read about the Iomega Zip Drive class action? Early Zip drives had a "click of death" that killed it early. The settlement was paid in coupons for more Iomega products.
It says in the article
You and I both know I can't read!
3M also seems like a pittance? From a quick look their revenue is like $1.7B. Granted their margins are small but still
I feel like if they doubled the specs of their device to make sales they should have to pay back HALF of what they made from the sales. Not just the profit margin, a plain 50% of gross.