class action lawsuit

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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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shareholder derivative suit

Green Welling LLP, of San Francisco, California along with Siebken & Siegele of Austin, Texas and Short, Cressman & Burgess of Seattle, Washington, filed the nationwide class action lawsuit on behalf of the owners of the Nintendo Wii against Nintendo of America, Inc.

Nintendo Recalls Defective Wii Wrist Straps After Class Action Filed ... by Business Wire

Conlon denied Exelon's motion to dismiss a class action lawsuit brought as a result of Exelon's spills of tritium-laced water into the local community in Will County, Illinois.

CMHT Announces Federal Judge Rules Exelon Tritium Class Action Can Go ... by Business Wire

filed the first class action lawsuit on behalf of all citizens of Israel who allegedly died or were seriously injured by the pain medication Vioxx.

U.S. Law Firm, Kenneth B. Moll & Associates, Ltd., Filed First Class ... by Business Wire

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