Charlie Haycock @charliehay: got a post card about a class action lawsuit against Bank of America entitling me to $, what are the odds I’ll ever get a check?
I get one of those a month for various reasons. I have two responses:
A) You will never get a check. If you do it will be for $35.17. Meanwhile, the lawyers make a ton of money. Something should be done to regulate class-action suits but too many congressmen are lawyers and made their money that way (look at John Edwards) so you can forget about that.
B) Business idea: create a class action lawsuit portal. Get every class action lawsuit on there (there are thousands). Almost everyone in the country is entitled to be in the “class” of some lawsuit. For instance, if you are a vegetarian and ate McDonald’s fries in the 90s you are owed some money. If you used in ipod in 2005 you are owed some money. Etc. Everyone is owed some money.
Meanwhile, how much would a lawfirm pay to either advertise or get leads from your website. A lot! Guess what the most expensive word is on Google AdWords?
Because it’s related to huge huge class action lawsuits involving asbestos. So lawfirms will pay several hundred dollars for even a click if someone searches on that word. So a class action lawsuit portal will make a lot of money. Go for it! I was going to make this but made Stockpickr.com instead.