Class Action Platinum Equities

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 group of defendants, multiple negligent companies, for instance, being sued by an individual. While more class action suits are filed on behalf of product liability claims, other types of cases end up in court, too, including groups of shareholders suing for business fraud, workers, and residents over environmental disasters.

With a case, which may be filed in either state or federal court, class action has its pluses. Because a limited number of witnesses overlap, the trial process understandably moves along more efficiently, while the overall cost of litigation tends to be lower than for individual plaintiffs filing alone.

On the other hand, these types of cases do tend to have drawbacks. Before the class action even moves forward, the collective group must be named 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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09/10 Important Information about Platinum Equities Class Action Lawsuit more 09/10 CBC The National reports on Platinum Equities Class Action Lawsuit more 09/06 Platinum Class Action Statement of Claim being Amended more

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Morgan Stanley settled a class action lawsuit on March 2, 2006. Ted Pick: Global Head of Equities; Jim Rosenthal: Chief Operating Officer; Colm Kelleher: President, Institutional Securities; Board of Directors: James P. Gorman; Erskine B. Bowles;

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