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Class Action
(redirected from Class action suit)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 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.

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.


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However, an uptick in securities class action suits filed in the first few weeks of the third quarter suggests that the second quarter was only a breather in what is shaping up to be an active year for securities litigation.
class action suit against collapsed energy giant Enron Corp.
The attorneys held the meeting Saturday to explain the case to residents and to let them know of plans to expand the class action suit to cover personal injury claims that might arise in the future.
 
 
 
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