Class Cours Action Bnp Paribas

As a general overview, class action lawsuits involve a large group of people in some capacity: A collective class, even bound together over the issue of a defective product, suing a defendant, or a group of defendants, multiple negligent companies, as an example, being sued by a single person. While more class action suits 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 a limited number of witnesses overlap, the trial process inevitably moves along more efficiently, while the cost of litigation tends to be lower than for one off plaintiffs filing alone.

On the other hand, these types of cases also tend to have drawbacks. Before the class action even progresses, the prosecuting group must be defined as a class. Federal courts, as well, can dismiss class actions if the defendants are state governments or officials or if the plaintiffs number less than {one hundred,100.

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