A new and ingenious plan to earn from the laptop computer industry was devised by a Texas personal injury lawyer
. You can file a lawsuit for consumers who complain about a problem that does not exist. Those who are in the market for laptop computers realize that this is not laughing matter. Price increases may come out of the lawsuits that have been filed against five other companies.
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. Since the company could lose more if they lose in court, they decided on settling the suit late last month.
He and some other lawyers would receive around $147 million in contingency fees. The company also gave cash rebates and discount coupons to the millions who had already bought their notebook computers during the last ten years. Last March, two men who owned laptop computers became the plaintiffs responsible for the lawsuit.
The men said that there was a mistake in the laptop's design that could put the data of the computer at risk of getting lost. None of these damages which the men claimed could be caused by the flaw were even suffered by the men themselves.
The chip manufacturer stated that it had not once received any complaint from consumers regarding this alleged defect in the technology. The company received no complaints from its customers until the lawsuit was filed last March. There had been no loss of data found by the company when they ran extensive laboratory tests.
Defeat in the jury trial would have meant a jeopardized financial future for the Japanese company. The company's capitulation in this easily defensible case was what observers likened to throwing bloody meat into the Gulf of Mexico's waters. The sound of splash was hardly made before the sharks already moved in. Personal injury lawyers targeted another five laptop computer manufacturers who used the NEC floppy control chip.
Layoffs are now in the minds of those in these businesses who have been affected by lawsuits. If you think things were bad for it, it just got worse. The billion dollar settlements may cause prices of personal computers to go down, stated a New York financial analyst. The financial situations in the United States have been quite good for the past twenty years partly because of falling computer prices that are said to have kept inflation low.
With a few hundred dollars in your pockets, you can already purchase good conditioned computers that do way better than the costly ones 20 years ago. The cost of personal computers would go higher for sure if greedy plaintiffs continue to bully laptop manufacturers. Those who are struggling financially will not like this.