Class Action Lawsuits FAQs

• Q: How many people are needed to bring a class action?
  A: A single person who has been injured may bring a class action on behalf of everyone who has been harmed. It is common, however, after the action has been started for … More
• Q: How is a class member informed of his or her rights?
  A: If the court allows a case to proceed as a class action, the court authorizes a notice to be sent to class members informing them of their rights. The court will order … More
• Q: How do I join a class action?
  A: Generally, before a court certifies a class action, it must conclude that there are too many class members for them all to be named as parties in the lawsuit. … More
• Q: What are my obligations as a member of a class action?
  A: As a member of the class who did not petition the court to become a lead plaintiff (i.e. fill out a certification) you have no obligations. If the action is resolved … More
• Q: If I have a claim, should I file my own lawsuit?
  A: The answer depends on the nature of the suit and individual circumstances. Some class actions seek recovery for a large group of people; however, individual damages … More
• Q: When am I entitled to bring my claim in federal or state court?
  A: You are entitled to file your complaint in court unless you signed a written customer agreement that contains an arbitration clause. Because most broker­dealer … More
• Q: Do class actions produce substantial recoveries?
  A: While the result obtained ultimately depends on the strength of the case, it is a myth that class actions do not produce substantial returns for claimants. For … More
• Q: Can I be bound by a settlement or judgment of a class action?
  A: Yes. If the constitutional and procedural protections required for fairness are met in the underlying action, all absent class members are bound to the judgment or … More
• Q: How are attorney`s fees paid in a class action?
  A: Almost all class actions are brought on a contingent basis, which means that the attorneys only get paid out of any recovery amount they obtain. This system helps … More
• Q: I may have been defrauded. How long can I wait to file suit?
  A: Time limits, known as statutes of limitation, vary depending on the type of claim involved and, sometimes, the state in which the plaintiff resides. If you think you … More
• Q: Are unfair deals with insiders or related companies considered fraud?
  A: These deals may represent a type of improper conduct usually referred to as breach of fiduciary duty. Such wrongdoing includes waste of your company`s assets, unfair … More