US lawyers in the audience, I have questions about US class actions!
I'm used to these from cryptocurrency, where the process is usually
* entrepreneurial lawyer finds issue
* entrepreneurial lawyer finds front man plaintiff
* case proceeds, class may or may not get certified
* discovery
* maybe a settlement
What % of cases go like this?
What % just fail, instead of proceeding to win or (more likely) settlement?
I have tended to ignore class actions unless and until something interesting happens in discovery. Most never go to trial.
How broadly does this apply?
particular case I'm thinking of: the new class action against Twitch over its AI training. Gamers are very excited about this, I think that's extremely premature and I want to do a Pivot to AI on it. But I wanna check I know what I'm on about.