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October 13th, 2009, 01:10 AM #1Yahoo Class Action Settlement ?
Not sure if this is a legit email or fishing attemp (beware to not follow links unless some here confirm this is legit or do your own research from other sources).
Here is the email I received (I also modifed the lawyers emails to protect them from spam robots and modifed most links as they were being tracked to my specific email):
NOTICE OF CLASS ACTION SETTLEMENT
ALL PERSONS THAT PURCHASED, DIRECTLY OR INDIRECTLY, YAHOO! PAY-PER-CLICK TEXT ADVERTISING IN THE U.S. MARKETPLACE
PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. YOUR RIGHTS MAY BE AFFECTED BY PROCEEDINGS IN THIS LITIGATION. IF YOU ARE A CLASS MEMBER, YOU MAY BE ENTITLED TO RECEIVE BENEFITS UNDER THE PROPOSED SETTLEMENT DESCRIBED IN THIS NOTICE.
I. Why Did I Get This Notice?
You received this Notice to inform you of a proposed class action settlement (the "Settlement") that may affect you. The Settlement was entered into by the parties in an action entitled In re Yahoo! Litigation, Case No. CV-06-2737 CAS (C.D. Cal.) (the "Action"). The purpose of this Notice is to inform you that a class has been certified in the Action and to inform you of the terms of the Settlement. You may have received this Notice because you were identified as a present or former pay-per-click advertising customer of Yahoo! Inc., Overture Services, Inc., or GoTo.com, Inc. (collectively "Yahoo!"). This Notice explains your legal rights, and how and by when you need to act.
II. What Is A Class Action Lawsuit?
In a class action, persons or business entities known as class representatives sue on behalf of persons or business entities with similar claims. All of these persons or business entities make up the class and are called class members. One court then resolves the issues for all class members, except for those who exclude themselves from the class. The Honorable Christina A. Snyder of the United States District Court for the Central District of California is presiding over this class action lawsuit.
III. What Is This Class Action About?
This class action was brought in 2006 by several Yahoo! pay-per-click search advertising customers. They allege that customers contracted for targeted ad placements through two products, "Sponsored Search" and "Content Match" (and predecessor products provided by Overture Services, Inc. and GoTo.com, Inc.) and that Yahoo! breached its contract with its customers by allowing Yahoo! ads to be displayed in spyware, domain name parking sites (also known as bulk registration sites), pop-ups, pop-unders, and typosquatting sites. Plaintiffs brought claims for breach of contract, unjust enrichment, misrepresentation, civil conspiracy, and unfair business practices.
IV. Why Is There A Settlement?
After several years of hard-fought litigation, counsel for the parties negotiated the Settlement described in this Notice. Those negotiations have included four mediations, the most recent of which was before the Honorable Gary L. Taylor, United States District Judge (Retired).
The Settlement was reached only after the parties conducted extensive pre-trial discovery. During the course of the Action, Yahoo! produced over 1.5 million pages of documents and hundreds of gigabytes of data. Yahoo! employees testified at deposition. In addition, the plaintiffs who brought the Action (referred to in this Notice as the "Class Representatives") produced documents to Yahoo! and testified at deposition. In deciding to settle the Action, the Class Representatives and Class Counsel have taken into account the substantial expense and length of time necessary to prosecute the litigation through trial, post-trial motions and likely appeals, as well as the significant uncertainties in predicting the outcome of this complex litigation.
Class Counsel believe that the Settlement provides substantial benefits to the Class. Class Counsel believe that the Settlement is fair, reasonable, adequate, and in the best interests of the Class.
Yahoo! believes that it has valid defenses to the Class Representatives' claims and denies any liability or wrongdoing. Yahoo! has nevertheless entered into the Settlement to avoid further expense, inconvenience and the burden of drawn-out litigation.
This Notice is not an expression of any opinion by the Court as to the merits of any claims or any defenses asserted by any party in the Action.
V. Who Is A Class Member?
The Class consists of all individuals or entities that purchased pay-per-click text advertising (referred to in this Notice as "Yahoo! Ads") in the U.S. Marketplace, whether directly from Yahoo! or its predecessors Overture Services, Inc. or GoTo.com, Inc., or indirectly from an advertising agent, at any time from May 1, 2000 until September 22, 2009.
Pay-per-click text advertising includes the Yahoo! Search Marketing products currently known as "Sponsored Search" and "Content Match," as well as predecessor products provided by Overture Services, Inc. and GoTo.com, Inc.
Excluded from the Class are Yahoo!, Overture Services, Inc. or GoTo.com, Inc. customers that did not purchase pay-per-click text advertising in the U.S. Marketplace. (For example, any Yahoo! customer that only purchased banner advertising, but not pay-per-click text advertising, is not part of the Class.) The "U.S. Marketplace" refers to Yahoo!'s ad "marketplace" covering the United States and English-speaking Canada.
VI. What Are The Settlement Benefits?
The Settlement Agreement is available online at www.inreyahoosettlement.com . A summary of the benefits to the Class is as follows:
A. "Ad Placement Option"
As a result of the Action, Yahoo! has agreed to develop and offer a new ad placement option (referred to in this Notice and in the Settlement Agreement as the "Ad Placement Option," but which may have a different name once launched) that will enable Yahoo! Ad customers to control where their Yahoo! Ads appear. The Ad Placement Option will allow Yahoo! Ad customers to specify that their Sponsored Search ads should be displayed only on websites and other Internet properties owned or operated by Yahoo!, and the websites of certain "Premium" distribution partners. In response to plaintiffs' claims in the Action, Yahoo! Ad placements by "Premium" distribution partners will be subject to limitations. Please review paragraph 22 of the Settlement Agreement, which is available at www.inreyahoosettlement.com or from the Claims Administrator, for complete details about these limitations.
Yahoo! has agreed to make best efforts to launch the Ad Placement Option as early as the first quarter of 2010, but in no event later than September 30, 2010. Before the Ad Placement Option is launched, Yahoo! will post additional information about the Ad Placement Option on the "Traffic Quality" portion of its website ( http://searchmarketing.yahoo.com/tra...lity/index.php ).
Yahoo! will maintain the Ad Placement Option for at least two years from the date of its launch, subject to the condition discussed in Paragraph D below. Should Yahoo! decide to remove or materially alter the Ad Placement Option after the two-year commitment, Yahoo! will provide individual notice by email or postal mail to its then-existing Yahoo! Ad customers of the planned alteration or elimination of the Ad Placement Option. The notice will explain why the Ad Placement Option is being eliminated or altered, and will remind its customers that they may discontinue advertising with Yahoo! at any time.
Yahoo! will post enhanced disclosures on the "Traffic Quality" portion of its website ( http://searchmarketing.yahoo.com/tra...lity/index.php ) about where Yahoo! Ads may appear on the Internet. These disclosures will provide information about the Ad Placement Option, including a link to a Yahoo! webpage with instructions for using the Ad Placement Option.
C.Enhancements to the Click Investigation Request Tool
Yahoo! will also modify its click investigation request tool to allow advertisers to ask questions or request investigations regarding certain Yahoo! advertising partners. Yahoo! will also add language to the Traffic Quality section of Yahoo!'s website notifying advertisers that they can request investigations of partners.
D.Potential Impact of Yahoo!-Microsoft Agreement
On July 29, 2009, Yahoo! and Microsoft Corporation entered into a binding letter agreement pursuant to which Yahoo! and Microsoft will negotiate definitive agreements that would, upon regulatory approvals and at full implementation, make Microsoft the exclusive paid search advertising platform for Yahoo! ("Microsoft Transaction") for a ten-year period. Yahoo! is hopeful that regulatory approval of the Microsoft Transaction could occur in early 2010. Full implementation of the Microsoft Transaction is estimated to occur within two years following the necessary regulatory approvals. Yahoo! agrees to provide the Ad Placement Option on its own paid search advertising platform for a period of two years from the date it first launches the Ad Placement Option and while it offers its own paid search advertising platform, or through the date of full implementation of the Microsoft Transaction, whichever occurs first. Yahoo! agrees to provide each of the benefits specified in Paragraphs VI.B and VI.C for a period of two years from the date each benefit is first made available, or through the date of full implementation of the Microsoft Transaction, whichever occurs first. Yahoo! represents and warrants that the definitive agreements for the Microsoft Transaction will contain language to the effect that Microsoft will agree to implement ad distribution controls on the Microsoft paid search platform. If any Class members are transitioned to Microsoft's paid search advertising platform earlier than two years from the launch of the Ad Placement Option by Yahoo!, and before Microsoft implements the ad distribution controls on its paid search platform, Yahoo! will notify those affected Class members that ad distribution controls are not available at the time of their transition to the Microsoft paid search services platform.
For more information concerning the Yahoo!-Microsoft agreement as it relates to the Settlement, please review paragraph 48 of the Settlement Agreement, which is available at www.inreyahoosettlement.com or from the Claims Administrator.
E. Refunds to Class Members who are Out of Business
Yahoo! will pay a $20 refund ("Refund") to eligible Class members who are out of business.
In order to apply for a Refund, you must: complete the Claim Form online at www.inreyahoosettlement.com, or in paper form if you download the paper version of the Claim Form on www.inreyahoosettlement.com or request a paper Claim Form from the Claims Administrator at the telephone number or address listed below. A Claim Form will be considered valid only if: (1) you owned, or held a controlling interest in, the business that was a Yahoo! advertiser at the time it went out of business; (2) you did not owe Yahoo! money in connection with your Yahoo! Ads account(s) when your company went out of business; (3) you complete all portions of the Claim Form in their entirety, date the Claim Form, and certify the accuracy of your responses under penalty of perjury, including that you owned, or held a controlling interest in, the business at the time it went out of business; and (4) the information you provide on the Claim Form matches Yahoo!'s account records. Your Claim Form must be submitted to the Claims Administrator by March 22, 2010. Claim Forms submitted after March 22, 2010 are invalid and will not be considered.
If there is a conflict between your information and Yahoo!'s records, then the Claims Administrator will notify you of the basis for the conflict (for example, the Client Identification number does not match Yahoo!'s records), and you will have one opportunity to attempt to resolve the conflict by resubmitting a new, fully completed Claim Form to the Claims Administrator. The Claims Administrator will forward completed Claim Forms to Yahoo! for a determination of eligibility for a Refund. If Yahoo! determines that you are eligible, you will be sent a check in the amount of $20.00 by postal mail.
In the event Yahoo! determines that you are not eligible for a Refund, Yahoo! will send a "Notice of Denied Claim," and you may seek an independent review of Yahoo!'s determination by a Special Master by submitting a "Written Review Request," which will be provided to you along with the Notice of Denied Claim. If you wish to seek an independent review of Yahoo!'s denial of your claim, you must, within thirty (30) calendar days of the date as shown on the email or postmark of Yahoo!'s sending the Notice of Denied Claim, send by email or postal mail the completed "Written Review Request," together with any documents or other evidence you wish to include in such request, to the Claims Administrator. Paragraph 50(j)-(m) of the Settlement Agreement contains details concerning the Special Master's independent review.
F. Yahoo! to Pay Costs of Notice, Claims Administration, Attorneys' Fees and Costs and Service Awards to the Class Representatives
Yahoo! will pay the costs of notice and claims administration. Yahoo! will also pay the plaintiffs' attorneys' fees and costs, and service awards to the Class Representatives. Yahoo! will pay those fees, costs and service awards in addition to providing the other settlement benefits described above in Section VI.A through VI.E. Attorneys' fees, reimbursement of costs, and service awards to the Class Representatives must be approved by the Court.
VII. What Am I Giving Up If I Participate In The Settlement?
The Settlement will release Class members' Released Claims against Yahoo!. The complete definition of "Released Claims" is set out in the Settlement Agreement, which is available at www.inreyahoosettlement.com or from the Claims Administrator. In summary, and without limiting the definition of "Released Claims" set forth in the Settlement Agreement, Released Claims include any and all claims, causes of action, demands, rights, liens, obligations, suits, appeals, sums of money, accounts, covenants, contracts, controversies, attorneys' fees and costs, expenses, losses, damages, judgments, orders, promises whatsoever, known or unknown, matured or unmatured, suspected or unsuspected, concealed or hidden, whether sounding in law, equity, bankruptcy, or in any other forum, from January 1, 2000 through and including September 22, 2009, that have been or could have been asserted in the Action. This release includes without limitation any and all claims concerning domain parking sites and pages; typosquatting sites and pages; bulk-registered domain name sites and pages; software applications; downloadable applications; pop-ups; pop-unders; "sliders"; "sidebars"; "injected ads"; adware; spyware; malware; malicious software; error implementations and pages; email campaigns; clicks that result from self-targeting; untargeted or random placements within the Distribution Network; ads displayed on sites or pages that lack any bona fide content, or any content at all; or ads shown to Internet users who have not conducted a search or viewed bona fide content related to a Yahoo! pay-per-click text advertisement.
The Settlement will also release any and all claims that you (or the Class Representatives or any other Class member) do not know or suspect to exist in your favor, even if knowledge of such a claim might have affected your decisions with respect to the Settlement Agreement and the Settlement with Yahoo!.
The release of Released Claims against Yahoo! includes the entities Yahoo! Inc., its subsidiaries - including without limitation Overture Services, Inc. (formerly known as GoTo.com, Inc.), which did business as Yahoo! Search Marketing - together with their predecessors, related entities, affiliated and sister corporations, divisions, officers, principals, owners, directors, minority or controlling shareholders, employers, employees, representatives and agents.
Upon the Effective Date of the Settlement, the Class Representatives and Class members - and their heirs, predecessors, successors, assigns, present and former partners, parents, subsidiaries, related entities, affiliated and sister corporations, divisions, officers, principals, owners, directors, minority or controlling shareholders, employers, employees, representatives or agents - shall be deemed to have released and forever discharged, and shall forever be enjoined from filing, commencing, prosecuting, intervening in, participating in or otherwise facilitating any and all Released Claims against Yahoo! in any court or forum whatsoever.
VIII. Final Approval Hearing
The Court will hold a hearing ("Final Approval Hearing") on January 11, 2010 at 10:00 a.m., at the United States Courthouse, 312 N. Spring St., Los Angeles, CA 90012, in Courtroom No. 5. The purpose of the Final Approval Hearing will be: (1) to determine whether the proposed Settlement is fair, reasonable and adequate to the Class and should be approved by the Court and, therefore, whether the Action should be dismissed, and (2) to consider the reasonableness of an application by Class Counsel for payment of attorneys' fees and reimbursement of costs incurred in connection with the Action and for service awards to the Class Representatives.
Your attendance is not required. Class Counsel are prepared to answer the Court's questions on your behalf. If you or your lawyer wishes to attend the Final Approval Hearing, you may do so at your own expense.
IX. What Are My Rights And Options As A Class Member?
Class members have the following options:
A. Remain in the Class.
If you wish to remain a member of the Class, you do not need to take any action. As a Class member, you will be represented by the Class Representatives and Class Counsel, unless you wish to be represented by counsel of your own choice at your own expense. You are not required to retain your own counsel, but if you choose to do so, your counsel must file an appearance on your behalf on or before December 14, 2009, and must serve copies of such appearance on the attorneys listed below.
If you remain in the Class, you will release the Released Claims against Yahoo!, as described above in Section VII.
B. Exclude Yourself from the Settlement.
You may exclude yourself from the Class by following the instructions below. If you exclude yourself from the Class, you will not be eligible to receive a Refund and will not be considered to have released any claims against Yahoo! under the Settlement.
You will be bound by all determinations and judgments in this Action concerning the Settlement, whether favorable or unfavorable, unless you submit a request for exclusion on or before December 14, 2009. You may exclude yourself online at www.inreyahoosettlement.com by completing the online opt-out form, or by sending an opt-out request to the Claims Administrator by postal mail. The date of your online request, or the postmark on the envelope containing your mailed request, will determine whether your request for exclusion is timely.
To be effective, all items on the online opt-out form must be completed. If you send in your request for exclusion by postal mail, you must include the business name, address and Yahoo! Ads Client ID number(s) of the Yahoo! advertiser seeking exclusion, indicate that you wish to be excluded from the Class, sign the request and mail it to:
Michael J. Boni
Joshua D. Snyder
Boni & Zack LLC
15 Saint Asaphs Road
Bala Cynwyd, PA 19004
Michael D. Donovan
Donovan Searles, LLC
1845 Walnut Street, Suite 1100
Philadelphia, PA 19103
Larry W. McFarland, Esq.
Dennis L. Wilson, Esq.
Keats McFarland & Wilson LLP
9720 Wilshire Boulevard
Beverly Hills, CA 90212
C. Appear and Object to the Proposed Settlement.
If you do not exclude yourself from the Settlement, you have the right to object to or comment on the Settlement and the request for attorneys' fees and costs and service awards to the Class Representatives. If you wish to object to the Settlement, you must, on or before December 14, 2009, file your objection with the Court at:
Office of the ClerkU.S. District Court for the Central District of California, Western Division
312 N. Spring Street
Los Angeles, CA 90012
You must also serve copies of your objection by email or First-Class Mail on Class Counsel and Yahoo!'s Counsel at the addresses listed above.
Any objection must contain: (a) the objector's business name, address, and Yahoo! Ads Client ID number(s); (b) a statement of whether the objector intends to appear at the Final Approval Hearing, either in person or through counsel, and, if through counsel, identifying counsel by name, address, and phone number; and (c) a statement of the grounds for the objection.
You may appear at the hearing in person or, if you are represented by an attorney, your attorney may appear in person, and state why the Settlement or any part of the Settlement should not be approved. However, you will not be entitled to be heard at the Final Approval Hearing, whether individually or through counsel, unless written notice of your intention to appear at the Final Approval Hearing is timely filed with the Court and served on Class Counsel and Yahoo!'s Counsel. The date of the postmark on the mailing envelope will determine whether an objection and/or notice of intention to appear is timely.
Unless you object as provided in this Notice, you will not be entitled to contest the terms and conditions of the Settlement, and anyone that does not object as provided in this Notice will be deemed to have given up the right to raise any such objections at the Final Approval Hearing or at any time in the future.
X. Do I Have A Lawyer Representing My Interests In This Case?
Yes. The Court has appointed the attorneys listed above, Michael J. Boni and Michael D. Donovan, to represent you and other Class members.
XI. How Will The Lawyers Be Paid? Will The Class Representatives Receive Service Awards?
Class Counsel will apply for attorneys' fees of $4,170,000, plus reimbursement of expenses of approximately $100,000, and for service awards to the three Class Representatives of $10,000 each. Yahoo! has agreed to pay those fees, expenses and service awards, in the total amount of $4.3 million, in addition to providing the other settlement benefits described above in Section VI. Attorneys' fees, reimbursement of costs, and service awards to Class Representatives must be approved by the Court.
XII. Where May I Obtain Further Information?
The Settlement Agreement, its attachments and the other legal documents that have been filed with the Court in this lawsuit contain more details about the Settlement, and are available online at www.inreyahoosettlement.com . The documents are also available during regular office hours at the Office of the Clerk, U.S. District Court for the Central District of California, Western Division, 312 N. Spring Street, Los Angeles, CA 90012. If you have questions about the Settlement, you may write to or call the Claims Administrator:
In re Yahoo! Settlement Administratorc/o Rust Consulting, Inc.
P.O. Box 2241
Faribault, MN 55021-1641
You may also obtain further information regarding the Settlement by contacting Class Counsel at the contact information listed above.
October 13th, 2009, 01:56 AM #2
- Join Date
- January 18th, 2005
I got 3 of these, to email addresses I used WAAAAY back when I ran overture (!) ads. It looks legit, but I didn't click any links and would like some confirmation too.Deborah Carney
TeamLoxly.com BookGoodies.com ABCsPlus.com
October 13th, 2009, 03:04 AM #3
Yahoo Screws It's Advertisers And Wins !...Originally Posted by delsol
- Join Date
- January 19th, 2008
- Wilmer, Texas 75172
SteveDreamLinux.net | Registered Linux User 453976 | PM me to view our sites. It's a Google thing.
October 13th, 2009, 03:16 AM #4
Got the same email. Looks legit to me. As with most (all?) class action lawsuits, it looks like the only winners are the lawyers.
October 13th, 2009, 07:19 AM #5
October 13th, 2009, 07:22 AM #6
I received the same email and was suspicious because the link at the bottom was different when you hovered over it.
October 13th, 2009, 09:26 AM #7Originally Posted by MichaelColey
October 13th, 2009, 09:28 AM #8
October 13th, 2009, 10:13 AM #9
Originally Posted by MichaelColey
- Join Date
- February 5th, 2009
On the subject of class action suits, and that lawyers are the only ones who benefit, I got a pleasant surprise a bit over a year ago. I received two letters (the paper variety) about a Mercedes Benz price fixing class action suit. (Foolishly, we had purchased "his" and "her" cars, so we were due two letters). It was easy enough to fill them out, so I did. Since the timeframe of the illegal price fixing was almost 10 years previous, and notification was by mail, I figured that many/most of the people affected might have different addresses, and - having disposed of the car (MB owners don't keep their cars very long, I don't think) - did not update the MB records. If fewer people joined the class, then there would be more money for everyone who did. At least, that was my thinking.
Anyhow, to make a long story short, I received $495 and change per car! So, at least in this one case, a class action lawsuit did fine by the injured parties!
October 13th, 2009, 10:19 AM #10
Thanks for sharing that Shuvee. I have gotten a few of those over the years and have always tossed them thinking they were a waste of time. Guess I better reconsider .
October 13th, 2009, 10:42 AM #11
- Join Date
- February 5th, 2009
I think the key is an assessment of the size of the group, the percentage who might respond, and your share of the total. On most stock price lawsuits, your share is miniscule (unless you are Bill Gates or someone like that). An individual might have purchased 100 shares or even 500, but large investors and institutions purchase orders of magnitude more, and your few shares are a small percentage of the total. With a car (an expensive one, at that), the playing field is more level. Not too many companies bought 100 1999 ML-430s. My two, or even one, was a meaningful number. Finally, as I said, I reasoned that many people wouldn't even receive the letter, thereby increasing my return even more.
There is usually enough information in the notification for you to estimate your potential return, or at least the approximate range. Sometimes, there is a stated minimum. I remember filling out one that gave a minimum of $10; a credit card international money conversion issue. Everyone in our family with a card that was included got at least the $10; I think my husband and I got a bit more (we had all made purchases abroad, even our son who was 16 and 21 when he traveled). That was worth 2 minutes, but certainly wasn't a windfall. I probably would have been pleased to get $50 per car from Mercedes, and was somewhat shocked (pleasantly) when I got the checks!
We generally ignore the stock price lawsuits because our investments are so small compared to the class, but I look over the others and sometimes fill them out.
October 13th, 2009, 11:20 AM #12
Class-Action lawsuits are one of the few ways that consumers have to make real changes in the way companies lie, cheat, and steal. While sometimes the immediate monetary benefit may be small, the change in procedure and/or the change in costs, fees, etc, that the company makes may end up representing substantial savings.
For example, earlier this year there was a class action settlement against Bank of America over their procedure of posting to an account the largest transactions first, so that accounts were more likely to be overdrawn and they could then charge overdraft fees ($39 each) for each successive posting. The settlement required them to take the transactions in the order of receipt, so the a single large debit may only result in a single overdraft fee, instead of several. While members of the class were limited to $78 recoveries, the change in policy saves depositors untold future fees.
As to attorneys fees, consider the following. The amount of work involved in a class action lawsuit is monumental, and the costs are astronomic. In any major class action, the costs are in the millions of dollars, and the law firm must advance all of these costs, with no guarantee of ever being repaid, and of course if they lose, they are out all of that money. Fees are set by the court approving the settlement, and are based on strict guidelines, according to the work actually done and the result received.
About ten years ago, I received a substantial class action recovery (around $5,000) in a suit against Blue Shield for improper claims procedures that they agreed to modify).
October 13th, 2009, 11:32 AM #13
- Join Date
- January 18th, 2005
They are offering $20 if you fill out the claim form, according to the email. The links look different because of the email service tracking, but yes that was one reason I didn't click.Deborah Carney
TeamLoxly.com BookGoodies.com ABCsPlus.com
October 13th, 2009, 11:44 AM #14
I called the law firm representing the class. The receptionist first said it was legit but then said she better check. She took my number and said one of the attorneys would call be back.
October 13th, 2009, 12:06 PM #15
- Join Date
- March 2nd, 2007
It looks genuine. I got 3 or 4 mails to various yahoo / SEM accounts. However, I decided not to do anything about it as most of the benefits in the class action seems to be going for the attorneys.
Barring a few cases, the disgusting thing about these class actions are they go mostly for the lawyers.
Limiting the attorney's fees to a max of 10 to 20% of the class settlement should be made a law to prevent the abuse of these class actions by the lawyers. At most 20% should be granted to lawyers and the 80% should go to the class members so people who are real victims of the class action get the benefits. That should restore the confidence in the system and make the class actions more meaningful and less frivulous
October 13th, 2009, 12:28 PM #16Originally Posted by redtagdeals
As to your reference of the term "frivulous' (frivolous), the use of the term "frivolous lawsuit" is a term of art made famous by the insurance industry, and used extensively by big business and the AMA to try to brainwash the public into believing that a large percentage of lawsuits are meritless and used as extortion to garner a small settlement of a specious claim, and that by limiting lawsuit recovery, insurance rates and the costs of consumer goods will drop. This is garbage and history has shown it to be a specious position, but it has been a successful tool used to limit the right of innocent, injured people to sue and to recovery adequate damages for legitimate injuries. For example, due to the staged "Medical Malpractice Crisis" of the late 1970s in California, the insurance industry was able to get passed into law a laundry list of regulations limiting the right of injured patients to recover for medical malpractice, including a cap on pain and suffering recovery of $250,000. Thirty years later, that is still the law, and severely injured people, who have to endure decades of pain due to the negligence of their doctors, cannot recovery adequate damages.
October 13th, 2009, 01:36 PM #17
If I read this one right, any Yahoo advertiser that has gone out of business can get $20, the lawyers get over $4 million, and the rest of us get nothing.
October 13th, 2009, 01:47 PM #18Originally Posted by MichaelColey
"As a result of the Action, Yahoo! has agreed to develop and offer a new ad placement option (referred to in this Notice and in the Settlement Agreement as the "Ad Placement Option," but which may have a different name once launched) that will enable Yahoo! Ad customers to control where their Yahoo! Ads appear. The Ad Placement Option will allow Yahoo! Ad customers to specify that their Sponsored Search ads should be displayed only on websites and other Internet properties owned or operated by Yahoo!, and the websites of certain "Premium" distribution partners."
October 13th, 2009, 01:54 PM #19
- Join Date
- March 2nd, 2007
That is my understanding too. Most folks get nothing except Yahoo is going to make some features added (which may actually be beneficial to Yahoo).
This class action seems to benefit Yahoo (enhancement lists prepared for them by attorneys) and the lawyers raking in the fees (perhaps at huge hourly rates that are not truly deserved by these folks).
The majority of folks who still run business and lost in PPC costs due to the alleged issues in the class action get ZILCH!
October 13th, 2009, 02:01 PM #20Originally Posted by redtagdeals
October 13th, 2009, 02:09 PM #21
Originally Posted by AffiliateHound
- Join Date
- March 2nd, 2007
If somehow these lawyers can be limited to what they can make out at the cost of real class action victims, I think the overall system works better. I am not specifically referring to this case but in general I disgust the system which most of the time benefits the lawyers and their fees. I think most of these law firms take up this sort of activity to get themselves a fat check and meet their payroll and other activities. I don't feel that the real class action victims get their fair share.
October 13th, 2009, 02:11 PM #22
- Join Date
- March 2nd, 2007
Perhaps there should be a class action on "class actions" if there is something like that
October 13th, 2009, 02:21 PM #23
looks like the 'punishment' in this settlement is that yahoo will actually have to obey the terms of its contracts in the future. (which it should have been doing all along anyway).
And of course the $4M (whatever miniscule % of yahoos profits over the years that is)
October 13th, 2009, 02:26 PM #24Originally Posted by redtagdeals
October 13th, 2009, 02:39 PM #25
Originally Posted by AffiliateHound
- Join Date
- March 2nd, 2007
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