Class action

(redirected from Class-action lawsuit)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Analysts including Brendan Burke, an employment discrimination law expert at Navigant Economics consultants, said the Wal-Mart decision may lead to an increase in smaller putative class-action lawsuits against large employers, which could actually increase the cost to defendants.
A key committee of the American Legislative Exchange Council (ALEC), a nonpartisan association of state legislators with 2,400 members, has approved a model law designed to limit the ability of trial lawyers to file class-action lawsuits that undermine the authority of state regulatory agencies.
"Reform of the class-action lawsuit system will reduce frivolous lawsuits, spur business investment, and help restore sanity to our nation's legal system."
The law--the Class Action Fairness Act of 2005--would move from state court to federal court any class-action lawsuit in which the amount of damages claimed was greater than $5 million and involved citizens in different states.
Labor unions, for example, have attacked the company for discouraging workers from unionizing and demanding better pay, and a recent class-action lawsuit contends that women are not promoted to management positions as frequently as men.
A nearly decade-old legal case involving several corn processors who allegedly fixed the price of high fructose corn syrup ended when the last of the companies settled a class-action lawsuit. A.E.
In February 1999, the Sacramento Sheriffs Department settled a class-action lawsuit alleging numerous acts of torture, including mock executions, where guards strapped inmates into a restraint chair, coveted their faces with masks, and told the inmates they were about to be electrocuted.
Currently, residents of all states can participate in a class-action lawsuit brought before their respective state courts.
* The California Court of Appeals last month overturned two rulings in a class-action lawsuit dismissing complaints against Avon Products Inc.
has agreed to settle a class-action lawsuit by agreeing to be more forthcoming with physicians about its business practices.
[Such activists plan a] class-action lawsuit against corporations and, possibly, the United States."
IT security became a very large ITM issue with the advent of the Cobell class-action lawsuit.