this post was submitted on 31 Jan 2025
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Not even that. US should really stop with settlements that allow companies to deny wrongdoing and avoid all consequences. I'm sure most taxpayers would be happy with their taxes going to punish big corporations that fuck with them even if the trials last years.
Although in practice American fines are a joke compared to EU ones, companies are willing to pay more to avoid having to admit to liability, since to them there's reputational value in being able to deny wrongdoing in perpetuity, and instead treat fines and settlements as a cost of doing business.
It's typical US short term gratification born from capitalism. Like I mentioned, $20M is not even a slap on the wrist.
Class actions lawsuits in most cases are on contingency (meaning the law firm covers most of the fees related to the case and get the majority of the payout if they win). So people that go for class action lawsuits are not doing it for the monetary gain, they do it to punish the company and make them suffer.
By design these settlements make a nice payout for the lawyers, while allowing denying of wrongdoing for the companies to guarantee the next class action in the future. Everyone wins except the consumer.