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this post was submitted on 31 Oct 2023
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Let’s see… “sellers of more than 260,000 homes”… “the damages award can be tripled under U.S. antitrust law to more than $5.3 billion”… so, after the lawyers get paid, court costs, and other bullshit, each homeowner who was robbed by the system will get a check of about $3. Justice served!
Actually, even if you took half for the lawyers (they'd get less) and assumed both buyers and sellers would get money back, 5.3billion would still be like $5,000 for each buyer and each seller.
Not "get rich" money, but a hell of a lot more than three bucks.
It was a joke. I wasn’t going for accuracy. The joke was that seemingly “huge” judgments don’t seem to find their way to the parties that were actually damaged, especially in class action lawsuits.
Unfortunately, hitting people in their bank account is the only remediation our system has for this sort of thing. The good news is that these people only care about money, so you can legally hit them where it hurts the most. Bad news is that the real victims only get a fraction of what they should.
5.3e9/260e3 = 20,384.615384615
There's no way you're getting from over 20 grand to 3 dollars with nothing but lawyers and court costs. Your math is bad.
It was a joke. I’ve explained elsewhere in the thread.