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 ?
Another reform issue introduced in 2000 would allow state class-action lawsuits to be tried in the federal court system.
Attorney Steve Berman, known for his national expertise in class-action lawsuits including representing the state of Illinois against Big Tobacco, filed a lawsuit on behalf of Illinois residents who have installed AOL 5.
Today, AOL was hit with a class-action lawsuit in Ohio, allowing Ohio residents the opportunity to join the class-action lawsuits that have sprung up against AOL across the country.
The proposed class-action lawsuit filed in Federal Court in Denver, Colorado, claims that AOL violated federal electronic communications law by releasing software that, without adequate warning, made major configuration changes to users' computers.
The proposed national class-action lawsuit claims AOL failed to divulge to its users that AOL 5.
In addition, punitive damages cannot be sought or awarded in these cases because of an earlier settlement with members of the Broin class-action lawsuit,&uot; said John J.
Glancy Files Class-Action Lawsuit Against 2TheMart.
According to Courtney, today's lawsuit is believed to be the first class-action lawsuit filed under the state prevailing wage law.
Other high-profile litigation includes a consumer class-action lawsuit against the six largest compact disc makers in the United States, alleging that the industry's biggest players have conspired to set prices artificially high; and arguing before U.
Gregory III, the chairman of the board and chief executive officer of MIP, stated: "The company has elected to postpone the meeting in order to allow the stockholders of MIP an opportunity to analyze supplementary disclosure regarding a recently filed purported class-action lawsuit, which was mailed to the stockholders on or about Sept.