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Old 06-16-2013, 10:36 AM
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Default This is why class actions and lawyers are useless

So, apparently I was named as a plaintiff in a class action suit against American Express for their late fee policy. You can read the details here:

http://www.huffingtonpost.com/2012/1...n_1929465.html

It is a $112 Million dollar settlement. I just got my check in the mail yesterday. Out of $112 Million my part is...wait for it...$8.23

Woo Hoo! Time to retire! $27 Million went to pay fines. I wonder who got the bulk of the money? Who could possibly have made out in all of this?
Frikken lawyers! This is part of the reason fees go up and goods cost so much. They need to pass the fees on to someone. That would be you and me.

Rant done.
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Old 06-16-2013, 05:13 PM
Warlock III Warlock III is offline
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I realize that the $8.23 wasn't anywhere close to whatever the late fees you incurred were, which would have probably made a heck of a lot more sense to have the company refund the late fees. Even with the settlement of the late fees they still made a profit.

I'd take my $8.25 buy a banana split and mail it back to 'em. Well actually I'd probably eat it. But I'd think real hard about mailing it to 'em.

Not to mention, after a rant, you deserve to treat yourself to a banana split to cool down.
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Old 06-17-2013, 09:45 PM
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Big corporations win, ALWAYS!! They ARE the government of this country. Want it to change? It won't happen with sit-ins. Read a history book and look at what happened circa 1775. Anyone interested?
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Old 06-17-2013, 09:47 PM
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How much we're you seriously expecting?

Seriously.....
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Old 06-17-2013, 10:10 PM
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Actually, I wasn't expecting anything. I don't remember signing anything saying I wanted to be a part of this. As a matter of fact I go out of my way to make sure I am never in a class action because the lawyers are always the ones who win. I was just pointing out the massive difference between the $112 million settlement and the $8.35 check.
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Old 06-18-2013, 10:11 AM
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I would think that if you didn't join the class action, or at least acknowledge it in some way...the lawyers would get your $8.35 to go buy a banana split.
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Old 06-18-2013, 04:08 PM
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Quote:
Originally Posted by Warlock III View Post
I would think that if you didn't join the class action, or at least acknowledge it in some way...the lawyers would get your $8.35 to go buy a banana split.
I think you might need to see someone about this banana split obsession. It's not healthy and it's not healthy.

Oh, and I am buying a Heath Blizzard
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Old 06-22-2013, 11:24 PM
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Good old lawyers......
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