As Class Action Settlement Fraud Explodes, Legal Tech Sees an Opportunity
While some predict that technology companies will enter the space to help stem the rising tide of fraud in class action settlements, others don't believe this will be a viable market for many new entrants.
July 11, 2024 at 03:28 PM
9 minute read
Class ActionsThe original version of this story was published on Legal Tech News
In a class action lawsuit against Altria Group over their Juul e-cigarettes, it likely came as no surprise that the class numbered in the millions. What may have been a shock, though, was that the number of claims received for a proposed settlement exceeded 14.4 million—almost five times more than expected. But, as plaintiff's attorneys for the class action told the judge, over 80% of those were likely invalid or fraudulent.
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