Class Action Lawsuit

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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.

class action lawsuit

A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax shelter without having adequately disclosed the attendant risks. See also shareholder derivative suit.

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Class Action Collectieve vordering Equal Credit Opportunity Act Shareholder Derivative Suit			5 million fund established from a class action lawsuit. BASF by Agri Marketing A class action lawsuit filed on December 15, 2006, alleged that the 2007 Medicare Physician Fee Schedule final rule on blood glucose billing prevents diabetic residents from receiving coverage for blood glucose tests. Diabetics fight blood glucose ruling by Contemporary Long Term Care The pharmaceutical giant Glaxo-SmithKline has agreed to settle a class action lawsuit that alleged that the company inappropriately promoted the antidepressant Paxil to children. Paxil settlement by Schneider, Mary Ellen / Clinical Psychiatry News			Citizen Bond Citizen Bonds City code on takeovers and mergers City Hall City Mail City Sack civil law Civil Money Penalty Civil Rights Act of 1866 Civil Rights Act of 1964 Civil Rights Act of 1968 CK CL CLADR claim Claim Dilution Claim of Right Claimant Clarence Birdseye Claritas class class A building Class A Shares Class A/Class B Shares Class Action Class Action Lawsuit class B building Class B Shares class C building Class Life Asset Depreciation Range Class Lives Class of Options Classical Economics Classical Economist Classical Unemployment Classified Board Classified Stock Clause de sauvegarde Clause restrictive Claused Bill of Lading Clausola del nonno Clausola di disdetta Clausula de caducidad de plazos Clausula de compromiso negativo Clausula de penalizacion Clausula de proteccion Clausula de rescate Clausula de salvaguarda Clausula liberatoria Clausulas contractuales Clawback			Class A drugs Class A drugs Class A misdemeanor purged from record? class A modulator Class A network Class A network class A push-pull sound track Class A Share Class A Shares Class A Shares Class A Stock Class A Stocks Class A uniform Class A war criminal Class A war criminal Class A war criminal Class A/Class B shares Class A/Class B shares Class AB amplifier class Acrasiomycetes class act Class Act Federal Credit Union class Actinozoa class action class action class action class action class action Class Action Fairness Act of 2005 class action law suit Class Action Lawsuit Class Action Lawsuits Class Action Lawsuits Class action status Class action status Class action status Class action status Class action suit Class action suit Class action suit Class action suit Class action suit Class Action Suits Class Action Suits Class Action Youth Leadership Academy class actions class actions class actions class actions class actions class acts class acts class acts class acts class acts class Amphibia class Angiospermae class Anthoceropsida class Anthozoa class Aphasmidia class Arachnida

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