Consumer Class

Consumer Class

The class of persons able to buy goods and services other than those that satisfy their basic needs. For example, members of the consumer class may buy cellular phones and multiple automobiles. The consumer class may broadly correspond to the middle class, but if a country is sufficiently wealthy, even its lower classes may belong to the consumer class in some way.
References in periodicals archive ?
Consumer class actions appear to be on the rise, lawyers in the field said, and that seems to be driving the focus of a number of Pennsylvania firms that do class action work.
15, AN 11TH CIRCUIT PANEL reversed itself on a ruling that would have deprived federal courts in the circuit of jurisdiction over most consumer class actions.
The consumer class defense provides a mechanism for consumers to act collectively to pursue litigation or settlement when their interests diverge from those of the producer defendant.
To prevent this failure of justice, many state legislatures have enacted statutes that authorize the commencement of consumer class actions.
As detailed in the report, Consumer Class Action Settlements: 2010-2013 Settlements Increasing, With a Focus on Privacy, NERA found that the average settlement value over the four-year period, which was influenced by several large settlements, was $56.
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