The screwed up thing about class action lawsuits is that its another form of theft for those that aren't able to contract the attorneys to recover their funds.
What will happen is, any funds recovered for those who have contacted them will go into an account. There will be many more funds unclaimed than claimed due to the fact that the majority of people who've lost funds are unable to contract the attorneys due to not being US citizens or other various reasons.
The court can then distribute all unclaimed funds to those who have claimed funds through contracts with the attorneys, meaning, those who have filed for the lawsuit will end up getting ALL of the funds recovered through several rounds of distribution of unclaimed funds after they receive their initial settlement for their own personal claim.
After they receive their settlement claim, any unclaimed funds will then be distributed by the court, but the court can only distribute funds to those who initially filed claims.
This is why usually in class actions, a few victims make out while the majority of victims get nothing.
Last clause of contract with Silverlaw:
By my signature on this contract, I certify that I am a citizen of the United States of America, or in the1
alternative, that I am a legal resident residing in the United States of America; if I am neither a United
States citizen or legal resident, I have attached a currently valid governmental-issued photo identification
card, passport, or equivalent paperwork.
What do you think about the last clause of the contract with Silverlaw?. I didn't join yet. I am neither american nor resident in the US. I don't know if I am going to have the same rights as other americans. I am not an expert in american law. I consulted a canadian friend who told me that the contract was a ripoff. I would like a second opinion.
Thanks