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Class Action |
Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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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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Argentina dodged a class-action suit presented in New York by foreign bondholders after a U. He may have a hard time convincing the courts to let him go ahead with a class-action suit, but that shouldn't stop the county from coming clean on whether it has properly refunded all the taxpayers it has overcharged. District Court judge to dismiss a class-action suit filed by African American railroad workers across the country. |
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