Because of the sheer magnitude of the class, corporations often settle class actions, rather than risk a verdict that could force them into bankruptcy. Only plaintiffs lawyers benefit from current class action rules. When a big enough class action suit is filed, and the trial lawyer has essentially forced a settlement, that particular lawyer gets to negotiate his own fee from the defendant, often without his clients knowledge or approval. Fees that could reach into the billions of dollars and often leave the plaintiff with next to nothing. Even if the class wins, individuals may not see any benefit.
Consumers often receive useless coupons, while their attorneys receive millions.
Like smart business people, attorneys reinvest a portion their reward to find a new class-action target. Normally, we would applaud such enterprising behavior. After all, our country was founded on free enterprise and the entrepreneurial spirit. But the majority of these class-action lawyers are damaging our economy, while benefiting no one but themselves. Injured class members do not fully benefit.