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Hi, In a class action lawsuit against a financial company that defrauded investors of an average of $5000, $12 000 000 was awarded to the

Hi,

In a class action lawsuit against a financial company that defrauded investors of an average of $5000, $12 000 000 was awarded to the 2500 plaintiffs involved in the suit. The company quotes the total amount in a newspaper ad, claiming that it is too much and should be reduced.

Can you please confirm whether the amount should be reduced or is it fair? please explain. thank you

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