Class action

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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 ?
The class-action lawsuit representing most consumers and businesses throughout California alleges a ``massive conspiracy'' between executives with Sempra Energy and El Paso Natural Gas beginning at a Sept.
He emphasized that ``the state of California is not a party'' to the class-action suit, and also that jurors are sworn not to read newspapers or watch television during the trial.
When the group set out to collect data on class-action litigation, it learned that the Rand Corp.
The measure was backed primarily by lawyers who file class-action suits and opposed by Silicon Valley companies and the accounting profession.
But the reality is class-action lawsuits against HMOs won't help patients.
But sitting quietly by and letting class-action lawyers abuse the legal system in our name is hardly an answer.
Current laws require that each member of a class-action lawsuit have at least $75,000 worth of damages before the class action can be moved to federal court, said Melissa Shelk, vice president of federal affairs for the American Insurance Association.
While class-action and pension reform legislation didn't make it through the last Congress, major legislative action related to individuals' medical privacy was passed at the end of 2000.
For the first time in 30 years, the conference is reviewing court rules for class-action lawsuits.
Can a class-action suit really represent all of the students, and should it?
The company is making many of the same arguments before the Illinois Supreme Court in its direct review of the Price class-action verdict," Ohlemeyer said, adding the company is optimistic that court will conclude that the certification and trial were flawed and the $10.
The class-certification motion follows on the heels of an April 24, 2003, major courtroom victory for the Lisoni law firm and the consumers represented in the national class-action lawsuit when Judge Christopher Sheldon of the Indio, Calif.