The Lawsuit Against A Japanese Computer Company
A new and ingenious way of making big bucks from the laptop computer industry was thought of by a Texas personal injury lawyer. File a phantom class action lawsuit for consumers over a problem they’ve never encountered. Those who are in the market for laptop computers realize that this is not laughing matter. Other companies have been sued, and price increases may happen in the near future. As a person looking for personal injury lawyers melbourne you should visit that site.
A $2 billion settlement was reached by a lawyer representing 5 million consumers and a Japanese appliance maker after the former filed a $9 billion lawsuit. Settling the suit was, for the company, a better choice than battling the lawsuit in court.
Contingency fees amounting to $147 million were granted to him and other lawyers. The company distributed discount coupons and gave cash rebates to the million owners of their notebook computers. The lawsuit was filed for two men who were laptop owners.
According to the men who had received $25,000 from the settlement, the laptops had a design flaw which made corruption of data loss a possible scenario. None of these damages which the men claimed could be caused by the flaw were even suffered by the men themselves. To get a closer look on melbourne compensation lawyer visit this site.
The Japanese corporation never once received a call or letter complaining about this alleged defect in the laptop design. The Japanese company stated that until the lawyers filed the lawsuit last March, no customers made any complaints at all about the technology. The company also noted that it never was able to duplicate the loss of data attributed to the flaw during extensive laboratory tests.
The cost of losing the jury trial would have been more than $9 billion, jeopardizing the future of this Japanese company. Its capitulation in what many legal observers regard as an easily defensible case was the legal equivalent of throwing blood soaked meat into the waters of the Gulf of Mexico. The sharks had already made their way toward the target even before the sound of the splash disappeared. Scores of personal injury lawyers, including a number from Texas, immediately filed copycat class action lawsuits against five other laptop computer manufacturers that use or may have used the NEC floppy control chip.
These businesses are receiving lawsuits left and right, causing them to consider layoffs. More problems would arise from this. The billion dollar settlements may cause prices of personal computers to go down, stated a New York financial analyst. Economists claim that falling computer prices have led to low inflation rates for the past twenty years.
The computers 20 years ago are so much more expensive yet less efficient and slower than the low cost computers of today which can be bought for a few hundred dollars. Oppressed laptop manufacturers would surely increase the prices of their personal computers if they are continually bullied by greedy plaintiffs. This is good news for those with the money to spend, but bad news for those who cannot afford to do it.