Quote:
Originally Posted by pwalker8
Hum, looks like Apple is settling on the class action lawsuit. It will be interesting to see the amount. The plaintiffs were asking for $840 M. My guess is that the amount will be in the low enough to "pay just to make it go away" which is standard in these type of class action suits. The lawyers will get rich and that's pretty much the purpose of the suits.
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Reference, please?
Even the full $840M is noise to Apple: it's about half a percent of their mighty cash stash.
And, BTW, if it's the consumer class action suit, it won't be just the lawyers that see money; that one has 30 state AGs looking for political advantage so they will make sure there is some consumer-level payout and not just ibooks coupons.
The retailer suits, now combined, are a different story.
That one can be settled for the low 7-8 figure confidential payouts more typical of court-mail cases.