On a very general level, class action lawsuits involve a band of people in some capacity: A collective class, even bound together over the issue of a defective product, suing a defendant, or a band of defendants, individual negligent companies, as an example, being sued by an individual. While more class action suits are filed for product liability claims, other case types also conclude in court, too, including groups of shareholders suing for business fraud, workers, and residents over environmental disasters.
Each case, which can be filed in either federal or state court, class action has its benefits. Because fewer witnesses overlap, the trial process inevitably moves along faster, while the overall 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 moves forward, the collective group must be called a class. Federal courts, as well, can conclude class actions if the defendants are state governments or officials or if the plaintiffs number less than February 20} responder] 2. • Roche • Schlumberger • Siemens • Philip Morris International • Telefonica • ConocoPhillips • CNOOC • Intel Corporation • Verizon Communications • Sinopec • PepsiCo • Merck • class="wikitable"
Each case, which can be filed in either federal or state court, class action has its benefits. Because fewer witnesses overlap, the trial process inevitably moves along faster, while the overall 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 moves forward, the collective group must be called a class. Federal courts, as well, can conclude class actions if the defendants are state governments or officials or if the plaintiffs number less than February 20} responder] 2. • Roche • Schlumberger • Siemens • Philip Morris International • Telefonica • ConocoPhillips • CNOOC • Intel Corporation • Verizon Communications • Sinopec • PepsiCo • Merck • class="wikitable"
THE FIRST QUARTER REPORT 2007
OFFSHORE OIL ENGINEERING CO.,LTD. THE FIRST QUARTER REPORT 2007 Abbr.：CNOOC Engineering Code：600583 April 23, 2007