my wife got a few hundred bucks from a feminine hygiene product, unless you count that as “cents on the dollar” meaning a percentage of the final amount - in which case, that’s the case in every settlement.
What I meant by cents on the dollar is usually, they broke rules, make $100 billion from it (imaginary scenario), and then the settlement from that wrong doing sees them pay out $2 billion to the affected customers that joined the class. It may be due to the fact that I’ve not paid attention to too many class action suits, but it seems like the settlement never comes close to the harm they caused.
my wife got a few hundred bucks from a feminine hygiene product, unless you count that as “cents on the dollar” meaning a percentage of the final amount - in which case, that’s the case in every settlement.
What I meant by cents on the dollar is usually, they broke rules, make $100 billion from it (imaginary scenario), and then the settlement from that wrong doing sees them pay out $2 billion to the affected customers that joined the class. It may be due to the fact that I’ve not paid attention to too many class action suits, but it seems like the settlement never comes close to the harm they caused.