Class Action Cyprus

As a general overview, class action lawsuits involve a large group of people in some capacity: A collective class, held together over the issue of a defective product, suing a defendant, or a group of defendants, individual negligent companies, as an example, being sued by a single person. While more class action lawsuits are filed for product liability claims, other types of cases also conclude in court, too, including shareholders suing for corporate fraud, employees for discrimination, and residents over environmental disasters.

With a case, which may be filed in either state or federal court, class action lawsuits has its pluses. Because a limited number of 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 prosecuting group must be defined as a class. Federal courts, as well, may dismiss 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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UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY
Cyprus Amaz Minerals Co., No. 17398, 1999 WL 1054255, at *2 (Del. Ch. Sept. Supp. 2d 706 and crediting three studies of class action settlements that found that awards from between 25-31% were “average” and “fairly standard”); Safety

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