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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 ...
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 ...
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."
For example, in an infamous Alabama class action involving Bank of Boston, attorneys' fees exceeded the relief to class members, and class members lost money paying attorneys for the "victory." [ 2 ] The Act passed the Senate 72 to 26, with all 53 Republicans voting in favor, and the Act passed the House 279 to 149, with the support of 50 ...
The so-called “period panty” that promoted itself as a “safer and more sustainable” option for menstrual hygiene was the target of a class action lawsuit alleging that their products ...
A securities class action (SCA), or securities fraud class action, is a lawsuit filed by investors who bought or sold a company's publicly traded securities within a specific period of time (known as a “class period”) and suffered economic injury as a result of violations of the securities laws.
A recently announced class action lawsuit filed against T-Mobile alleges the company has disguised a hidden fee as a government charge for two decades. The wireless network allegedly misrepresents ...
List of class-action lawsuits; List of environmental lawsuits; List of sex equality lawsuits; List of medical ethics cases; Pharmaceutical List of largest civil only pharmaceutical settlements