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Business / World Business

Samsung takes another hit over lawsuit

Published: 26 Oct 2016 - 01:55 am | Last Updated: 08 Nov 2021 - 05:19 pm

Agencies

SEOUL: A South Korean law firm said yesterday that it expected thousands more people to join a class action lawsuit seeking compensation from Samsung over its combusting Galaxy Note 7 smartphones.
Seoul-based Harvest Law filed the initial suit on Monday on behalf of 527 Note 7 buyers -- demanding 500,000 won (US$440) per plaintiff for time and effort lost during a chaotic recall process that turned into a PR nightmare for the world’s largest smartphone maker.  Although the sums involved -- even when accumulated -- are tiny for a giant like Samsung, the lawsuit illustrates the dent the Note 7 fiasco has made in the prestige of a company used to be being treated as corporate royalty in South Korea.