Would there be huge problems caused by requiring something like a $10 (actual cash) minimum to settle on behalf of the class? Or something other modest amount, I'm not stuck on $10.
The problem I see is that the class lawyers and lead plaintiff have an incentive to settle regardless of the benefit to the rest of the class. I think I've actually gotten checks for less than $1.
I guess an easy one is that sometimes the harm comes from a service and scales based on how much the service was used, so some members might get a substantial claim at the same time others get $0.50. But those people probably aren't going to pursue anything, so I'm not sure how troublesome they are.
The problem I see is that the class lawyers and lead plaintiff have an incentive to settle regardless of the benefit to the rest of the class. I think I've actually gotten checks for less than $1.
I guess an easy one is that sometimes the harm comes from a service and scales based on how much the service was used, so some members might get a substantial claim at the same time others get $0.50. But those people probably aren't going to pursue anything, so I'm not sure how troublesome they are.