Class Action Suit

On a very general level, class action lawsuits involve a group of people in some capacity: A collective class, held together over the issue of a faulty product, suing a defendant, or a band of defendants, individual negligent companies, as an example, being sued by or persons. While most class action lawsuits are filed for product liability claims, other types of cases also conclude in court, too, including 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 faster, while the overall cost of litigation tends to be lower than for separate 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 defined 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.

Talk:Derivative suit – Wikipedia, The Free Encyclopedia
How does a derivative suit differ from a securities class action suit? I couldn't find an article on the latter. Dandube 17:11, 15 November 2007 (UTC)

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