As a general overview, class action lawsuits involve a group of people in some capacity: A collective class, formed together over the issue of a faulty product, suing a defendant, or a band of defendants, individual negligent companies, for instance, being sued by a single person. While most class action suits are filed for product liability claims, other types of cases also conclude in court, too, including groups of shareholders suing for business fraud, workers, and residents over environmental disasters.
Each case, which may be filed in either state or federal court, class action lawsuits has its pluses. Because fewer witnesses overlap, the trial process inevitably moves along more efficiently, while the overall cost of litigation tends to be lower than for separate plaintiffs filing alone.
Additionally, these types of cases also tend to have drawbacks. Before the class action even progresses, the prosecuting group must be called a class. Federal courts, as well, may stop class action lawsuits if the defendants are state governments or officials or if the plaintiffs number less than {one hundred,100.
Each case, which may be filed in either state or federal court, class action lawsuits has its pluses. Because fewer witnesses overlap, the trial process inevitably moves along more efficiently, while the overall cost of litigation tends to be lower than for separate plaintiffs filing alone.
Additionally, these types of cases also tend to have drawbacks. Before the class action even progresses, the prosecuting group must be called a class. Federal courts, as well, may stop class action lawsuits if the defendants are state governments or officials or if the plaintiffs number less than {one hundred,100.
Chrysler (Fortune 1935)
Chrysler means Number Three Corporation, Number Two Personality, and the first manufacturer in the automotive field to raise its rate of production above its figures for the great boom year 1929.