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Facts - Books - News U.S. Facts Of Law: |
Class Action Lawsuit
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A class action lawsuit is one where a lawyer
brings a civil suit that claims to represent a class
of people against a defendant or defendants.
For the suit to be a class action, the court must
agree to class action status or it may decide to
combine several individual lawsuits into a single
class action. Commonly, this type of lawsuit
is used when a product being sold by a company is
found to have harmed a large number of individuals
and it is not practical to bring hundreds or
thousands of small suits. Lawyers love to find
a cause to bring a class action lawsuit on behalf of
a large group of claimants because often the legal
fees alone can run into the millions of dollars.
When a class action lawsuit is brought, generally
the names and addresses of all the possible claimants
are requested from company sales records, newspaper
advertisements and other sources. If a claimant
agrees to be part of the class action (usually at no
cost to the claimant) and accepts the eventual
settlement, that person will have no further claim
against the defendant. The claimant, in most
cases, may also refuse to join the class action suit
and bring an individual suit of his or her own.
An example of a typical class action suit was one
brought by lawyers representing businesses and
consumers against Microsoft California in 2004.
The suit was over violations of California anti-trust
laws concerning Microsoft software. Microsoft
agreed to settle the case for $1.1 Billion in vouchers
for common Microsoft software to be sent to the class
action members. The vouchers were for a $5.00 to
$26.00 credit per software package with two thirds of
unclaimed vouchers going to California schools.
The lawyers asked the court for an award of $275
Million to cover fees and expenses.
Most class action lawsuits provide for a small
dollar amount to be recovered by a large class of
claimants. If the number of claimants is very
large, the legal costs involved with a class action
lawsuit can be huge.
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Class Action Lawsuit News
GN News
• Carlyle Caves On Classaction Lawsuit Ban In IPO The News Journal
New York TimesCarlyle caves on class action lawsuit ban in IPOThe News JournalCarlyle Group LP abandoned a plan to ban shareholders from filing class action lawsuits after US regulators threatened to block a stock sale the private equity firm is seeking to complete as soon as April. The Washington based firm amended the Carlyle Drops Shareholder Class Action Lawsuit BanWashington PostHere39s The Real Problem With Investing In The Carlyle IPOBusiness InsiderCarlyle drops lawsuit banEdmonton Journalall 28 news articles raquo
• Hagens Berman Announces Investigation Of Hecla Mining Company Notifies Sac...
Hagens Berman Announces Investigation of Hecla Mining Company Notifies Sacramento Bee2, 2012 /PRNewswire/ Hagens Berman today announced it is investigating Hecla Mining Company NYSE: HL following the filing of a class action securities lawsuit on behalf of shareholders. The lawsuit, filed on Feb. 1, 2012, in the United States Robbins Geller Rudman amp Dowd LLP Files Class Action Suit against Hecla Mining Business Wire press releaseIzard Nobel LLP Announces Class Action Lawsuit Against Hecla Mining CompanyMarketWatch press releaseHagens Berman Announces Investigation of Hecla Mining Company Notifies NEWS.GNOM.ESSYS CON Media press releaseall 208 news articles raquo
• Class Action Suit Against Goldman Sachs Moving Forward WNYC
Moneycontrol.comClass Action Suit Against Goldman Sachs Moving ForwardWNYCChris Hondros/Getty A federal judge in Manhattan has ruled that a lawsuit against Goldman Sachs may proceed as a class action. Over 150 plaintiffs led by a the Public Employees39 Retirement System of Mississippi allege that Goldman Sachs didn39t Goldman to face mortgage debt class action lawsuitMoneycontrol.comClass Action Against Goldman Can Proceed, Judge RulesNew York TimesClass Action Lawsuit Against Goldman Sachs ApprovedBusiness InsiderBusinessWeekall 28 news articles raquo
• Brower Piven Files Class Action Suit Against GenVec, Inc. MarketWatch Press ...
Brower Piven Files Class Action Suit Against GenVec, Inc.MarketWatch press releaseSTEVENSON, MD, Feb 03, 2012 MARKETWIRE via COMTEX The law firm of Brower Piven, A Professional Corporation, has filed a class action suit in the United States District Court for the District of Maryland on behalf of all investors who purchased or and more raquo
• Sister Sledge We Are Family Filed A Class Action Suit Against Warner Music ...
Hollywoodnews.comSister Sledge We Are Family filed a class action suit against Warner Music Hollywoodnews.comBy Roger Friedman HollywoodNews.com: Popular seventies recording act Sister SledgeWe Are Family was their monster hit and country star Ronnie Blakely of the movie Nashvillehave filed a class action suit against Warner Music Group.Sister Sledge Files Class Action Against Warner Music Over Digital Royalties Hollywood ReporterSister Sledge Files Class Action v. Warner Music: We Are NOT FamilyShowBiz411.comSister Sledge Hammers Warner Music With LawsuitPerezHilton.comVVN Music Variety New York Times blogall 25 news articles raquo
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