Quote:
Originally Posted by chad3
So this is a reason why there should be no class action lawsuits and regular Americans should not have the financial ability to sue large corporations?
And even if your above statement is true its still irrelevant. One of the main reasons for suing a large corporation is to stop that corporation from committing that crime or negligence again. And when a large corporation is sued for millions/billions of dollars that is a financial incentive for that corporation to not commit that same crime again.
And even if the lawyers take 100% of the lawsuit money the corporation still has to pay 100% of the lawsuit money (and whether the lawsuit money goes to the lawyers or victims the corporation still pays and the corporation gets a financial incentive to not commit that same crime again.)
EDIT:
"Originally Posted by pghquest,
And I'm not exactly sure why you're arguing this with me given I already said numerous times I disagreed with taking away the ability to sue."
I posted the above before I knew your position on this issue, but I decided not to delete this post in case you wanted to respond to the post.
Chad.
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Suddenly the banks are lobbying congress to protect consumers from lawyers, we all know their concern from their actions back in 2008.