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Class Action

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
Class Action
An action where an individual represents a group in a court claim. The judgment from the suit is for all the members of the group (class).

Notes:
This is often done when shareholders launch a lawsuit, mainly because it would be too expensive for each individual shareholder to launch their own law suit.

See also: Class
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.
Management victory by York, Emily Bryson / Los Angeles Business Journal
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.
Shareholder class actions subject of new Strafford Publications ... by The Newsletter on Newsletters
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.
Strafford Starts "Class Action Law Monitor" Newsletter by Business Publisher
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