I contacted Cline's attorney and maybe I miss understood the reply, but it is as follows:
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Thank you for contacting us. We are going to have a mediation with CoinTerra in September, where we will discuss possible settlement of the class action. Once we hold the settlement, we will have a better idea of what the next steps will be for the class action and for individuals affected by CoinTerra's practices. I can provide you with more information at that time.
Apparently I got sidelined
I had contacted them before they were in mediation, had a phone call, etc. I did not get such an update and at the time they told me there was no class formed which implicitly means there can be no class action. Apparently they are trying to expand it a bit because mediation at that time was with their 1 singular client.Its good for the law firm as class action settlements negotiate the lawyers fee totally separate from anything else and usually that means the lawyers get a windfall. I just hope that it does not mean I am stuck with cointerrible vouchers when its all said and done because I really do not want to deal with them in the future (or the terribleminer hardware).
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These companies are just as bad as the Day Traders driving the price of the coin down with their FUD!
And now that there are futures and other non-direct investment things out there en masse the volatility will be worse, although if you catch it at the right time there can be considerable profit to be had albeit at great risk. For people like myself who for 2+ years have relied solely on bitcoins as my source of income that complicates things.