Nobody can start a class action against GAW. They specifically included an arbitration clause in their TOS to avoid them.
Gotta agree there - class actions are incredibly difficult to do.
Look at Butterfly Labs. The biggest blatant scammers in the history of crypto. Hard proof. Witnesses. So much evidence of the many laws they broke including mining for months with their customers' rigs and there is no class action suit. At least not yet.
http://www.reddit.com/r/Bitcoin/comments/1u4v0o/i_sued_bfl_in_kansas_jurisdiction_and_won/And it's not too late for GAW/XPY. They can still make this work if there is a real plan and real partners waiting to be announced. A $20 floor is still possible - especially if Bitcoin starts going up.
Garza/GAW/XPY have many outs although right now it's not clear what's going on, it's a risky investment at this point but with a huge potential reward if Garza delivers on even half of his promises.
Really? You still haven't caught on yet?
There are no partners. (unless you count all the one man band companies thrown together overnight)
There are no developers. (unless you count the janitor Josh pays to copy/paste code)
There is no plan. (unless bullshit your way to success counts)
IF josh delivered on 100% of his promises (debit cards, amazon shopping, bill pay, etc), it would still be another centralized shitcoin with no useful features. It's a joke.
With no real sources of revenue for the past ~3 months, GAW is likely heading fast for bankruptcy. Even if BTC shot up to ~$1000/coin, they still couldn't afford to hold the $20 floor because of all the xpy they've dumped on the market.