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Class Action
(redirected from class actions)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.07 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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Class actions seeking more than $5 million in damages--instead of the previous $75,000 per class member--must be removed to federal court.
Rules could lead to a surge of suits by Bronstad, Amanda / Los Angeles Business Journal
This article reviews the current law on contingent fee awards in general and in class actions in particular, analyzes whether class action attorneys' fees should be included in the plaintiffs' gross income and provides some recommendations.
Class actions and the attorneys' fees conundrum by Daher, Dominic L. / The Tax Adviser
Ohio Insurance Commissioner Lee Covington outlined the toll such lawsuits can take on a company "One of our class actions will result in hundreds of millions, if not billions, going from the marketplace," Covington said, "One company lost 10% of its surplus.
Insurers warn regulators: class actions hurt us all. (Briefing) by Best's Review
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