Samsung slapped with biggest class action lawsuit yet over Note 7 recall
Remember last week when Samsung was hit with a class action lawsuit over "economic injuries" resulting from the Galaxy Note 7 fiasco? At the time we told you it would be the first of many suits filed as a result of Samsung's defective Note 7 and the company's mishandling of the ensuing global recall(s). More lawsuits are indeed inevitable, and now the biggest class action lawsuit so far has been filed in Samsung's home country. What's more, the new suit coincides with increased pressure from analysts advising shareholder to vote against approving Samsung Vice Chairman and heir apparent Jay Y. Lee's seat on the board.
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Bloomberg relays news that a new class action lawsuit has been filed against Samsung in South Korea. The suit, which is the largest yet to have been filed as a result of Samsung's Galaxy Note 7 ordeal, seeks to recoup losses resulting from Samsung's mishandling of the Galaxy Note 7 recall.
Filed by attorneys at Seoul-based Harvest Law on behalf of a class of 527 Galaxy Note 7 buyers, the lawsuit alleges that Samsung caused hardships for customers by recalling its first-run Note 7 phones and then issuing replacement devices that had to be recalled yet again. The suit seeks 500,000 won in damages per plaintiff, or about $440 each.
Samsung told Bloomberg that the company plans to take appropriate action once it receives the complaint, but the attorneys are already gearing up for a fight. "We’re now planning to file a lawsuit every month," Harvest Law's Ko Young-yeel said. The lawyer also noted that it took his firm just five days to collect more than 500 plaintiffs, suggesting that more Note 7 buyers may be likely to follow suit.
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