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On a very general level, class action lawsuits involve a large group of people in some capacity: A collective class, formed together over the issue of a defective product, suing a defendant, or a band of defendants, multiple 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 end up in court, too, including groups of shareholders suing for fraud, workers, and residents over environmental disasters.

Each case, which can be filed in either state or federal court, class action lawsuits has its benefits. Because a limited number of witnesses overlap, the trial process inevitably moves along more efficiently, while the 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 prosecuting group must be called 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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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;