Class action

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Related to Class action status: Class action lawsuit

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.

Class Action Lawsuit

A lawsuit that occurs when multiple people, who claim to have been wronged by the defendant in the same or a similar way, seek restitution, even if the alleged wrongs occurred at different times. For example, multiple shareholders may file a class action suit against a company if they suffered losses from similar fraudulent actions. Proponents of class actions lawsuits contend that they allow "the little guy," however defined, to seek justice. Opponents argue that they enrich attorneys and do not necessarily help the actual plaintiffs. See also: Tort reform, Class Action Fairness Act of 2005.
References in periodicals archive ?
A suit seeking class action status filed against Aetna argues the HMO withheld vital information from its members.
District Court for the Eastern District of Louisiana, seeks class action status intended to benefit all residents of the United States who purchased a Toyota vehicle of model years 2005, 2006, 2007, 2008, 2009, and/or 2010 that is subject to the recalls.
the three judge panel upheld the denial of class action status July 27.
Phillip Goldberg is seeking class action status on behalf of all Facebook investors who lost money because Nasdaq delayed or mishandled their purchase of the stock, the suit says.
NEW YORK -- Paskowitz & Associates has filed a lawsuit seeking class action status in the United States District Court for the Southern District of New York on behalf of all persons who purchased the publicly traded securities of Jarden Corp.
The final decision on class action status will come later in the litigation.
ATLANTA -- Chitwood Harley Harnes LLP announces that it has filed a lawsuit seeking class action status in the United States District Court for the Eastern District of New York on behalf of all persons (the "Class") who purchased the securities of DHB Industries, Inc.
WASHINGTON -- The United States Chamber of Commerce hailed the Illinois Supreme Court's decision stripping class action status in State Farm v.
ATLANTA -- Chitwood Harley Harnes LLP announces that it has filed a lawsuit seeking class action status in the United States District Court for the Southern District of New York on behalf of all persons (the "Class") who purchased the securities of RenaissanceRe Holdings, Ltd (NYSE: RNR) ("RenaissanceRe" or the "Company") during the period January 24, 2002 and July 25, 2005, inclusive (the "Class Period").
NEW YORK -- Paskowitz & Associates has filed a lawsuit seeking class action status in the United States District Court for the Central District of California on behalf of all persons who purchased the publicly traded securities of Molina Healthcare, Inc.