Comment criminal conspiracy and it should be rejected (Score 5, Interesting) 215
This is a case of criminal conspiracy that rippled through the economy. Where billionaires conspired to keep middle class wages lower because they wanted to make even more money for themselves. Not just people in these companies were affected. The illegally restrained salaries at these companies set the bar for millions of people in the industry. They need to pony up a few Billion more at least.
These class action lawsuits themselves seem like blatant ways of companies limiting their own liability... they simply conspire with some lawyers to sue themselves, settle for pennies on the dollar and just a few individuals that proactively reject the settlement can ever get the full amount they are due. And the incentive of those so called lawyers who are getting a percentage commission is to settle for whatever makes them millionaires, not whatever will make people they don't really represent whole.
I think in the future that the courts should require proactive agreement in writing from at least a majority of the class for the settlement to be accepted. And then let anyone that doesn't proactively accept the settlement sue later on. The opt-out system that we have now doesn't result in equitable resolutions.