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On a very general level, 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, multiple negligent companies, as an example, being sued by an individual. While most class action suits are filed on behalf of product liability claims, other case types also conclude in court, too, including groups of shareholders suing for fraud, employees for discrimination, and residents over environmental disasters.

With a case, which can be filed in either federal or state court, class action lawsuits has its benefits. Because fewer witnesses overlap, the trial process understandably moves along more efficiently, while the overall cost of litigation tends to be lower than for one off plaintiffs filing alone.

Additionally, these types of cases do tend to have drawbacks. Before the class action even moves forward, the collective group must be called a class. Federal courts, as well, can 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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Credit Suisse Group AG is a Switzerland -based multinational financial services holding company headquartered in Zurich that operates the Credit Suisse Bank and other financial services investments. The company is organized as a stock corporation with four divisions: Investment Banking, Private

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List Of banks In Switzerland – Wikipedia, The Free Encyclopedia
WIR Bank; Zurich Cantonal Bank; Family Owned Swiss Banks . La Roche & Co. Lombard, Odier, Darier, Hentsch & Cie; Pictet & Cie; Swiss branches of international banks Belgium . AXA Bank Europe, Brüssel, Zweigniederlassung Winterthur;