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 ?
While there may be more class actions on file, not all of those see a courtroom, and Bryson said it may be simplistic to just look at the number of cases filed because corporate defendants are increasingly pushing for arbitration.
* Still, cases filed as class actions are most often resolved by settlement, with 53.1% of companies reporting that settlements typically occur pre-certification.
This may provide an option for employers seeking to avoid both class actions and the potential pitfalls of arbitration.
There is no doubt that class actions can be abused by unscrupulous plaintiff" attorneys.
"The addition of David to our team strengthens our ability to deliver market-leading solutions to clients and adds further depth to our significant class action expertise.
increasingly difficult to certify money damage class actions on the
Class action lawsuits are lawsuits in which people who suffered similar injuries - be they physical, mental or financial - join together to file a single lawsuit instead of a series of individual lawsuits.
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.
The IADC also has a particular interest in the fair and efficient administration of class actions, which are increasingly global in reach, and which share many important characteristics with parens patriae actions like the one here.
They created a new framework requiring that all class actions must satisfy the prerequisites of numerosity, commonality, typicality, and adequacy of representation, (51) and must also fit within one of four class-action subtypes.
Scotland's is considering the adoption of US-style 'opt-out' class actions, thereby increasing the threat claims pose to businesses, writes Graeme MacLeod
Lewis has shown that employment agreements are enforceable even if they prohibit class action lawsuits.<br />The 5-4 decision conflicts with language from the National Labor Relations Act, which states that employees may bring class action claims, and the National Labor Relations Board has interpreted that part of the act to prohibit class action waivers.<br />"The court reviewed whether it was legally permissible in employment agreements for employers to have, as part of those agreements, arbitration agreements that also included class action waivers," said Michael Brady, chair of Warner Norcross + Judd's Litigation and Dispute Resolution Practice Group.