Class Action Applied Card Bank

As a general rule, class action lawsuits involve a large group of people in some capacity: A collective class, formed together over the issue of a misrepresented product, suing a defendant, or a group of defendants, multiple negligent companies, as an example, being sued by a single person. While most class action suits are filed on behalf of product liability claims, other types of cases also conclude in court, too, including groups of shareholders suing for business fraud, employees for discrimination, and residents over environmental disasters.

Each case, which can be filed in either federal or state court, class action has its benefits. Because less witnesses overlap, the trial process understandably moves along faster, while the overall cost of litigation tends to be lower than for separate plaintiffs filing alone.

On the other hand, these types of cases also tend to have drawbacks. Before the class action even progresses, the collective group must be named as a class. Federal courts, as well, can stop class action lawsuits if the defendants are state governments or officials or if the plaintiffs number less than {one hundred,100.

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RECENT CASES
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New York AG May Follow Greenberg Case, Drop Claims Against …
The case appeared to hit trouble on April 5, when a federal judge approved a $2.43 billion settlement in a shareholder class action against Bank of America over the Merrill Lynch deal. While the Applied Card ruling involved consumers hit by a credit card fraud scheme,

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The case appeared to hit trouble on April 5, when a federal judge approved a $2.43 billion settlement in a shareholder class action against Bank of America over the Merrill Lynch deal. While the Applied Card ruling involved consumers hit by a credit card fraud scheme,