Class Action Lawsuits: Get Answers To Your Questions
Our attorneys at Akeel & Valentine, PLC in Michigan have handled some of the largest class action cases in the country and have the knowledge, skills and passion required in complex litigation cases. Based on this experience, we share some common questions and concerns below, hoping the information shared may serve as a helpful reference.
What are class action lawsuits?
A legal action where one or more attorneys represent a group of people – or “class” – who suffered similar injuries or were affected by the same defendant, defective consumer products or even financial products. Class members should have claims in common to be part of the lawsuit.
When and why are class actions used?
If a large number of individuals have common or similar legal grounds against the same defendant, plaintiffs may consider filing a class action lawsuit. The joint legal action will also make the case more manageable for the courts.
What are some examples of class action lawsuits?
Some examples include discrimination at the workplace against a specific group of people and damages caused by pharmaceutical drugs or medical devices. There is also a similar action to class action lawsuits, called a “mass tort.” For instance, victims may decide to start a mass tort lawsuit after a bus or airplane accident, or any massive accident, due to the negligent and reckless actions of a company or its personnel.
What are some benefits of class actions?
The cost of litigation is significantly less as all members cover the litigation costs. If the lawsuit is successful for plaintiffs, all class members are expected to receive a payment according to the amount of recovery obtained. In addition, attorneys or law firms who take class actions have experience in complex litigation beyond the average civil lawsuit, and litigation costs are shared by the entire class.
What can be expected from a class action judgment?
All class members are bound to the court’s final decision, whether they actively participated in the lawsuit or not. If class members win the case, the judge will develop a plan of distribution to disperse the amount granted as a result of the suit. The plan is developed jointly with the attorneys and relevant parties, ensuring the distribution is fair at all times. Additionally, it considers the amount required to cover the attorney’s fees. The individual settlement amount is then presented to each party for further approval.