Class Action Cyprus

As a general overview, class action lawsuits involve a large group of people in some capacity: A collective class, even bound together over the issue of a misrepresented product, suing a defendant, or a group of defendants, individual negligent companies, for instance, being sued by a single person. While most class action lawsuits 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, workers, and residents over environmental disasters.

Each case, which may be filed in either state or federal court, class action has its pluses. Because less witnesses overlap, the trial process inevitably moves along faster, while the cost of litigation tends to be lower than for one off plaintiffs filing alone.

Additionally, these types of cases also tend to have drawbacks. Before the class action even progresses, the prosecuting group must be named as a class. Federal courts, as well, may conclude 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 SOUTHERN DISTRICT OF NEW YORK …
CLASS ACTION COMPLAINT Master File No. 01-CV-11814 —–X Lead Plaintiff, the Teachers’ Retirement System of Louisiana Cyprus at the corner of Leontios and Gregoris Afxentiou Streets, Romantzo Court, 2nd Floor, CY-3020. 30.

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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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