Class action


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Related to Class action: Class action lawsuit

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 ?
Curry did not immediately have a comment about the class action case Monday.
Class action law suits have long been available to American claimants and are becoming more common in the UK.
A spokesperson for the firm said while there isn't statewide data for the Carolinas on the precise number of class action suits, the firm is seeing a significant increase based on its own practice and what it's hearing from clients.
(13) See Gilles, Opting Out of Liability: The Forthcoming, Near-Total Demise of the Modern Class Action, 104 Mich.
To explain: A class action is an ordinary lawsuit in which the plaintiff asserts claims typical of those of many other potential plaintiffs.
Mr Taylor's practice spans all areas of commercial litigation, with a particular focus and expertise in bet-the-company class actions and product liability matters.
of control, which in turn suggests that the sheer number of class action
While class action lawsuits allow people to team up and pool resources to fight large corporations, critics say these kind of lawsuits can create big payouts for lawyers, while plaintiffs are rewarded very little.
Class action settlements can be an effective way to manage the uncertainties and inconveniences of aggregate litigation by giving both sides the peace and predictability they desire.
In February 2015, two proposed shareholder class action lawsuits were filed against Amira Nature Foods Ltd in the US District Court for the Central District of California.
The proposed rule would not prohibit provisions that waive participation in class actions that do not require arbitration, but such stand-alone class action waivers may not be enforceable.
Buschkin, The Viability of Class Action Lawsuits in a Globalized Economy--Permitting Foreign Claimants to be Members of Class Action Lawsuits in the U.S.