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Tell HN: We'll pay for you to sue Equifax

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Tell HN: We'll pay for you to sue Equifax

#1
YC16 company Legalist is paying for you to sue Equifax in small claims court. We'll get you a complaint, filing fees, instructions.

http://www.businesswire.com/news/home/20170914005511/en/Legalist-Pay-Data-Breach-Victims-Sue-Equifax

https://www.legalist.com/equifax/

Re: Tell HN: We'll pay for you to sue Equifax

#2
What's in this for Legalist?

From their home page:

> All legal bills covered.

> Litigation is expensive. Whether it’s attorney’s fees or that expert witness report you need to prove damages, litigation costs can add up. When you’re backed by Legalist, you don’t have to worry about unexpected legal expenses. Focus on growing your business, and we’ll take care of it.

I'm always skeptical of assurances like this.

Re: Tell HN: We'll pay for you to sue Equifax

#3

What's in this for Legalist? From their home page: > All legal bills covered. > Litigation is expensive. Whether it’s attorney’s fees or that expert witness report you need to prove damages, litigation costs can add up. When you’re backed by Legalist, you don’t have to worry about unexpected legal expenses. Focus on growing your business, and we’ll take care of it. I'm always skeptical of assurances like this.

You only pay if you win the case is what I gather from the site, they're confidant enough that you'll win in a small claims suit against Equifax while at the same time advertising their services.

Re: Tell HN: We'll pay for you to sue Equifax

#4

What's in this for Legalist? From their home page: > All legal bills covered. > Litigation is expensive. Whether it’s attorney’s fees or that expert witness report you need to prove damages, litigation costs can add up. When you’re backed by Legalist, you don’t have to worry about unexpected legal expenses. Focus on growing your business, and we’ll take care of it. I'm always skeptical of assurances like this.

From their FAQ[1] looks like they take a cut of winnings:

> Only if you win your case is repayment deducted from your recovery. Legalist funding varies from case to case, depending on your case details and our risk assessment outputs.

1. https://www.legalist.com/faqs/

Edit: formatting

Re: Tell HN: We'll pay for you to sue Equifax

#5

What's in this for Legalist? From their home page: > All legal bills covered. > Litigation is expensive. Whether it’s attorney’s fees or that expert witness report you need to prove damages, litigation costs can add up. When you’re backed by Legalist, you don’t have to worry about unexpected legal expenses. Focus on growing your business, and we’ll take care of it. I'm always skeptical of assurances like this.

Litigation finance is like a contingency arrangement - if you file the case and the judge dismisses it, there's no risk to you. But if you do file the case and win $1000, we'll recover alongside you.

Re: Tell HN: We'll pay for you to sue Equifax

#6

What's in this for Legalist? From their home page: > All legal bills covered. > Litigation is expensive. Whether it’s attorney’s fees or that expert witness report you need to prove damages, litigation costs can add up. When you’re backed by Legalist, you don’t have to worry about unexpected legal expenses. Focus on growing your business, and we’ll take care of it. I'm always skeptical of assurances like this.

If the class law suit wins, they get their share. And it already seems certain to win by now, I imagine.

Re: Tell HN: We'll pay for you to sue Equifax

#7
Saw this earlier this morning: http://www.bbc.com/news/technology-41257576

These guys should be, at the very least, fined by the government for how blatantly careless they were with consumers' PII. I can't believe the credit bureau oligopoly in the United States is this technologically incompetent, but I suppose it's not surprising given the lack of economic incentive to innovate. Hefty fines / settlement payouts should do the trick...

Re: Tell HN: We'll pay for you to sue Equifax

#8

What's in this for Legalist? From their home page: > All legal bills covered. > Litigation is expensive. Whether it’s attorney’s fees or that expert witness report you need to prove damages, litigation costs can add up. When you’re backed by Legalist, you don’t have to worry about unexpected legal expenses. Focus on growing your business, and we’ll take care of it. I'm always skeptical of assurances like this.

If the class law suit wins, they get their share. And it already seems certain to win by now, I imagine.

Just a clarification - while there are multiple class action lawsuits against Equifax, Legalist is funding individual consumers to take action in small claims court. It's faster and you're likely to recover more.

Re: Tell HN: We'll pay for you to sue Equifax

#9
post #8

Earlier quoted context omitted.

If the class law suit wins, they get their share. And it already seems certain to win by now, I imagine.

Just a clarification - while there are multiple class action lawsuits against Equifax, Legalist is funding individual consumers to take action in small claims court. It's faster and you're likely to recover more.

It's also harder to litigate on Equifax's part. Often times they just attempt to settle
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