Class Action Platinum Equities

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

Each case, which can be filed in either federal or state court, class action lawsuits has its pluses. Because less witnesses overlap, the trial process inevitably moves along more efficiently, while the overall cost of litigation tends to be lower than for individual plaintiffs filing alone.

Additionally, these types of cases also tend to have drawbacks. Before the class action even moves forward, the collective group must be called a class. Federal courts, as well, can 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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