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Grant Cardone: Most class action suits provide minimal benefit to plaintiffs
Grant Cardone, CEO / Founder at Cardone Enterprises and Founder & CEO at Cardone Capital, questions the effectiveness of class action lawsuits for plaintiffs.
Cardone cites findings from a 2019 FTC study of 149 consumer class actions, noting that most eligible plaintiffs receive nothing. He also references research from the CFPB, which found that most class actions deliver no consumer benefit at all, based on their analysis of 562 cases.
Cardone has previously discussed the impact of macroeconomic trends, highlighting how real assets like real estate may benefit from an expanding money supply. He has also offered Cardone Capital investors an exclusive live call to provide business updates and opportunities. These activities reflect his ongoing engagement with both investors and market developments.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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