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Class action

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Class action
A legal complaint filed by a lawyer or group of lawyers for a group of petitioners with an identical grievance, often with an award proportionate to the number of shareholders involved.


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Management side attorneys in wage-and-hour disputes-scored a victory this week when the Central District of California Western Division declined to certify a class action against Wal-Mart Stores Inc.
a leading provider of specialized information for the legal profession, earlier this month launched Securities Class Action Reporter, a briefing on the latest developments in shareholder class action litigation.
In related news, Strafford Publications (Atlanta, GA) has begun the publication of Class Action Law Monitor, a newsletter that is designed to carry information on the latest developments in class action law.
 
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