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In a typical class action, a plaintiff sues a defendant or a number of defendants on behalf of a group, or class, of absent parties. [2] This differs from a traditional lawsuit, where one party sues another party, and all of the parties are present in court. Although standards differ between states and countries, class actions are most common ...
A securities class action ( SCA ), or securities fraud class action, is a lawsuit filed by investors who bought or sold a company's publicly traded securities within a specific period of time (known as a “class period”) and suffered economic injury as a result of violations of the securities laws . In cases involving misleading statements ...
The U.S. Class Action Fairness Act of 2005, 28 U.S.C. §§ 1332 (d), 1453, 1711–15, expanded federal subject-matter jurisdiction over many large class action lawsuits and mass actions in the United States. The bill was the first major piece of legislation of the second term of the Bush Administration. Business groups and tort reform ...
Here are some class actions that are currently open, plus the claims deadlines. You can find out about these and other class-action lawsuits from Consumer-Action.org. 1.
The settlement benefits anyone who purchased a prepaid wireless telecommunications service product from a Walmart or a Sam’s Club store in Missouri between Jan. 1, 2019, and Jan. 31, 2020. The ...
The settlement comes as a result of an $85 million class-action suit in which Zoom denies allegations — or attached liability — surrounding claims of improperly sharing personal user ...
Wal-Mart v. Dukes, 564 U.S. 338 (2011), was a United States Supreme Court case in which the Court ruled that a group of roughly 1.5 million women could not be certified as a valid class of plaintiffs in a class-action lawsuit for employment discrimination against Walmart. Lead plaintiff Betty Dukes, a Walmart employee, and others alleged gender ...
Derivative suit. A shareholder derivative suit is a lawsuit brought by a shareholder on behalf of a corporation against a third party. Often, the third party is an insider of the corporation, such as an executive officer or director. Shareholder derivative suits are unique because under traditional corporate law, management is responsible for ...