Class Action Platinum Equities

As a general rule, class action lawsuits involve a group of people in some capacity: A collective class, even bound together over the issue of a misrepresented product, suing a defendant, or a band of defendants, multiple negligent companies, for instance, being sued by an individual. While more class action lawsuits are filed on behalf of product liability claims, other types of cases end up in court, too, including groups of shareholders suing for corporate fraud, workers, and residents over environmental disasters.

With a case, which may be filed in either state or federal court, class action has its benefits. Because a limited number of witnesses overlap, the trial process understandably moves along faster, while the overall cost of litigation tends to be lower than for individual 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 named as a class. Federal courts, as well, may stop class actions if the defendants are state governments or officials or if the plaintiffs number less than {one hundred,100.

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