Class actions are a popular way for a large number of small consumer claims that might otherwise
Question:
Class actions are a popular way for a large number of small consumer claims that might otherwise have been ignored to be brought against a corporation. For example, ticket purchasers brought a class action against Ticketmaster alleging that it conspired to have Canadians pay inflated prices for tickets by directing them away from its lower-priced website to its premium-priced website. Ticketmaster settled and concertgoers received $36 per ticket for a projected payout of $5 million. Lawyers received 25% of each payout for a projected $1.26 million. Who benefits from a successful class action lawsuit? Who loses from a successful class action lawsuit?
Step by Step Answer:
Canadian Business And The Law
ISBN: 9780176795085
7th Edition
Authors: Philip King Dorothy Duplessis, Shannon O Byrne