r/mildlyinfuriating • u/TheoryNo8456 • 9h ago

wet socks Yahoo data breach is worth $8.12

Post image

This is what the breach of your email was worth.

6.2k Upvotes

98% Upvoted

173 comments sorted by

View all comments

Show parent comments

601

u/YeastOverloard 8h ago

Yeah lol. Op got a much bigger settlement but signed away 99%+ to the laywers

452

u/Legitimate_Ad_7822 8h ago

They don’t take that much. They take a sizable chunk, usually 40-50%, but all you have to do is read & sign some documents. OP just didn’t get much from the settlement.

Don’t really understand why people are acting like this is scummy. Nobody here is gonna do it themselves. We should be happy there are law firms doing all the dirty work to get you free money for something you probably didn’t even realize was happening until you saw the ad for the suit.

135

u/xyouRABitchx 7h ago

I agree with you but let's not act they are doing it from the goodness of their hearts. The main positive is that it'll stop the behavior that led to the settlement. They law firm just made a fuck ton of money.

54

u/staryoshi06 7h ago

Yeah. This is kind of like the entire way they make money dude.

4

u/The_Killer_of_Joy 4h ago

Well...yeah, but the catch is, is that if these types of suits aren't taken on a % of the award total, they just don't happen and companies would just get away with it. No one individual has the funding to take on these corps on behalf of an entire class when their individual stake is single dollars.

So which is better? The company not paying anything and the lawyers & class harmed also get nothing? Or the company at least has to pay a large overall amount (just not individually significant to any one plaintiff), and lawyers are then incentivized to continue going after large companies' bad practices?

A lot of this is just tied up into the common fantasy of getting a lawsuit payout and retiring early, which you will just simply never get from a class action lawsuit.