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PART I HERE -> https://www.legaldhoom.com/2019/08/huawei-google-nexus-6p-claim-settlement.html
What is this settlement?
This is the correspondence that we received directly from the settlement team after we followed up on the status of this claim, which was filed months back. Though the nature of this claim does not put the consumers at an immediate disadvantage, but there are other cases where the delay in the process provides more and more opportunities for bigger players to squash smaller players who try to follow rules and play fair and square as it has happened in the past.
With the claim that technology is supposed to make the playing field leveled, hope rule of law would take over and bring right leaders at the top. Right leaders are necessary for bringing back fair rule of law instead of moving from law-less to lawless society.
What could be the repercussions that could come with the breakage of rule of law?
As we have seen in history, developed nations could easily fall down to developing nations within two or three decades. The sorry state of affairs tends to be that those falling countries don't learn from their experiences and continue with the SOS by selecting corrupt and/or ineffective leaders resulting in a country that ends up offering avenues for those with resources prospering further, and gradually losing its way.
Are we seeing the same happening during the current times?
Time would certainly answer this question. However, if we were to take the top 30 global companies' as per market cap, their market cap increased from 11.67 trillion $ in August of 2019 to $12.75 trillion dollar as of now right before the US elections. Remember, it took almost a century to see $11.67 trillion dollars in inflated valuation for the top 30 global companies.
What other trends are we seeing?
Here is one trend in homelessness in SF, California -
Coming back to the topic of Nexus 6p Settlement, shared below is the email from the settlement team that could enhance your understanding on the method of settlement and the payment amount.
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9:50 AM (54 minutes ago)
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We are in the process of finalizing distribution amounts relative to specific claims. Below is information from the FAQs to set expectations on distribution amounts.
If you experienced one or both of the two alleged issues with the Nexus 6P described above, you are eligible to get more money than if you did not experience any alleged issues. Subject to adjustment depending on how many claims of various kinds are made, people who experienced alleged bootloop and submit documentation of the issue will receive up to $325, people who experienced alleged battery drain and submit documentation of the issue will receive up to $150, and people who experienced alleged issues on multiple Nexus 6Ps and submit documentation of the issues will receive up to $400. People who did not experience any alleged bootloop or battery drain issues with their Nexus 6P, or who received a Pixel XL as a replacement, will receive at least $5 and no more than $10. People who attest that they experienced alleged battery drain, but who do not submit documentation, will receive at least $10 and no more than $45. People who attest that they experienced alleged bootloop, but who do not submit documentation, will receive at least $20 and no more than $75.
After the claims deadline, the Settlement Fund will be paid out as follows. First, money needed to pay the $5, $10, and $20 minimum payments just described will be set aside and reserved to make those payments. Second, the documented claims of alleged bootloop, battery drain, and multiple experiences of alleged bootloop or battery drain will be paid up to the amounts described above. Third, if any money remains in the fund at that point, claimants who paid insurance deductibles to Assurant in connection with a claim regarding alleged bootloop or battery drain in their Nexus 6P will be reimbursed for those deductibles, except for claimants who did not experience any alleged bootloop or battery drain issues. Fourth, if any money still remains in the fund, it will be distributed pro rata to the claimants in the $5, $10, and $20 groups described above, with those payments being capped at $10, $45, and $75, respectively. Finally, if there is still money left after all of these steps, Class Counsel will notify the Court and propose a reasonable alternative or alternatives for distribution.