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RE: The Coin For The Crypto Class Action Lawsuit Against Google/Facebook Is Hugely Undervalued - How Will $500B Help Us All?

in LeoFinance3 years ago

Based on both evernoticethat’s and apshamilton’s reply I think if this token was funding a global suit it’d be absolutely perfect, but I’ve seen first hand how the laws are applied in the U.S. and I have zero faith the U.S. gov is going to take $500 billion from corporations and hand it over to the rightful owners. Justice just doesn’t happen on that level here, if at all.

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It is a global lawsuit.

An Australian judgment for global damages for cartel conduct can be enforced all around the world. Facebook and Google have assets in a large number of countries and a judgement can be enforced in each of them.

Even if the US wouldn't cooperate (a dangerous move as Australia is an important ally) most of Facebook's money is in Ireland (for tax reasons) and it has important assets in Europe, Israel and many other places that will enforce an Australian cartel judgement.

But is this token funding it entirely with the all proceeds going to token holders?