I disagree. The company would much rather have 10 suits than 1,000. Its a simple theory of potential liability. Its very easy to settle 10 lawsuits for $25,000. It is much more costly to settle 1,000 suits. When you get a lawsuit, you determine how much it will cost to defend vs. how much you will have to pay out. Then you determine how much potential liability exists outside of this one lawsuit. On top of that, 10 suits for $25,000 don’t make the headlines on CNBC. The company has to consider the effect of a suit on its stockholders when determining liability.
Further, you don’t just go file a class action lawsuit. You file a lawsuit. Then others can join in the suit. Then after a while a ‘class’ is identified by a judge. Then if you are part of that ‘class’ you can join in the lawsuit. A class is a subsection of a group. take the group of women that got breast implants. Then narrow it down to the women that got silicon. Then the ‘class’ might be the women that got silicon implants and had health problems attributable to the implants.
And it is wholly untrue that class action lawsuits are good for lawyers and bad for plaintiffs. Yes, lawyers make a lot of money. But what many people fail to realize is the risk many lawyers take on when taking a case on a contingency. A great book is ‘A Class Action’. It was a movie some time ago, but the book is tremendous.
Yes, class actions take a long time. But so do individual lawsuits. In response to losing control over what is going on… you can opt out of the class at any time and file your own separate suit. You are not required to file as part of a class. Generally, if a company is screwing people, the more people they screw, the worse it looks. That is why class actions can be so powerful.
So, the best thing you can do is to find a good lawyer in the field that is at issue. Then if there are others having the same problem, the identification of a class and the proceding to a class action lawsuit will be the next steps.
Like I said earlier, focus on what this company is doing to YOU. If it ammounts to a harm, file a lawsuit. Then, if the same set of facts apply to other people, the proceding to a class action lawsuit may take place. But do not focus on the idea of a class action lawsuit so much as your own lawsuit, you will lose sight of what is really going on.
Class actions are powerful things and are intended to make the court system more efficient by handling factually similar cases at one time. When used wisely, they can empower a plaintiff class well beyond the average case.