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  2. Class action - Wikipedia

    en.wikipedia.org/wiki/Class_action

    A class action in such a situation centralizes all claims into one venue where a court can equitably divide the assets amongst all the plaintiffs if they win the case. Finally, a class action avoids the situation where different court rulings could create "incompatible standards" of conduct for the defendant to follow. See Fed. R. Civ. P. 23(b ...

  3. How To Make Money Off a Class-Action Lawsuit - AOL

    www.aol.com/money-off-class-action-lawsuit...

    Class-action rebates and payments can take years to resolve, and even then the court must review and approve the settlement. Expect a class action to take at least one to three years — and maybe ...

  4. Securities Class Action - Wikipedia

    en.wikipedia.org/wiki/Securities_Class_Action

    A handful of law firms are specialized in this type of litigation. Class action securities litigation has been a lucrative field due to large settlements, the largest historic settlements having been Enron ($7.2 billion), WorldCom ($6.1 billion), Tyco International ($3.2 billion), and VEREIT ($1.1 billion). [24]

  5. List of class-action lawsuits - Wikipedia

    en.wikipedia.org/wiki/List_of_class-action_lawsuits

    contracts that exclude class action arbitration: Supreme Court of the United States: 2011 Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Dabit: SLUSA preempting state law class action claims: Supreme Court of the United States: 2006 West v. Randall: required parties to class action: United States Court of Appeals for the First Circuit

  6. Securities Litigation Uniform Standards Act - Wikipedia

    en.wikipedia.org/wiki/Securities_Litigation...

    In 1995, Congress passed the Private Securities Litigation Reform Act (PSLRA), claiming that the class action device was being used to injure "the entire U.S. economy" through nuisance filings, targeting of deep-pocket defendants, vexatious discovery requests, and "manipulation by class action lawyers of the clients whom they purportedly represent."

  7. Settlement (litigation) - Wikipedia

    en.wikipedia.org/wiki/Settlement_(litigation)

    In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. A collective settlement is a settlement of multiple similar legal cases. [1] The term also has other meanings in the context of law.

  8. Class action waiver - Wikipedia

    en.wikipedia.org/wiki/Class_action_waiver

    A "naked" class action waiver is a version of the waiver where the contract in which the waiver is found is not attached to an arbitration agreement. Class action waivers are only protected from state legislatures' actions through the Federal Arbitration Act, if they are bundled with an agreement to send disputes to arbitration.

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