class action lawsuit


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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.

class action lawsuit

A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax shelter without having adequately disclosed the attendant risks. See also shareholder derivative suit.
References in periodicals archive ?
Class action lawsuits frequently take Years to resolve.
(4) These class action lawsuits are likely to continue to be filed given the length of time it typically takes class action lawsuits arising from a national practice of a company or companies to be filed on behalf of all potential claimants nationwide (5) and in light of the current national culture, which, similar to the culture during the Great Depression, views those who work for financial service companies as villains.
Class action lawsuits involving foodborne-illness outbreaks have been rare, despite the relative ease of establishing the defendant's liability in most recognized outbreaks caused by the sale of contaminated food.
1) It imposes residency restrictions by limiting class membership in class action lawsuits filed in Florida state courts to Florida residents, with exceptions; and
These changes basically restrict the Defendant's ability to contest authorization of a class action lawsuit in Quebec.
274) expands the jurisdiction of federal courts, allowing them to more easily hear large class action lawsuits in which plaintiffs and defendants are from different states.
White, a former ghostwriter for Jerry Falwell, intends to file a "class action lawsuit in fifty states" for the purpose of silencing religious and political leaders who oppose efforts to normalize homosexuality.
Miami firm Robles Law Centre filed the class action lawsuit this week in a Broward County court on behalf of widower Jeffrey Post and any other families whose relatives' bodies may also have been embalmed against their wishes.
A class action lawsuit seeking more than $500 million was filed on behalf of 300,000 Mexicans taken to the United States to work on railroads or farms during World War II.
(9) CMA's Board of Trustees voted unanimously to allow the state physician organization to be the lead plaintiff in a class action lawsuit against the three largest for-profit health carriers in the state (Blue Cross/WellPoint, PacifiCare, and Foundation/HealthNet).
Microsoft is faced with a 140 private class action lawsuit in 38 states which will draw heavily on the existing decision.