Class Action Platinum Equities

As a general overview, class action lawsuits involve a band of people in some capacity: A collective class, formed together over the issue of a broken product, suing a defendant, or a band of defendants, individual negligent companies, for instance, being sued by an individual. While most class action lawsuits are filed for product liability claims, other types of cases also conclude in court, too, including groups of shareholders suing for corporate fraud, workers, and residents over environmental disasters.

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

Additionally, these types of cases do 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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