You’d be surprised how many major, household brands owe millions of people compensation from class action suits. Many of the items YOU have bought, drugs you have taken, and even places you have worked have Class Action Cases. Billions (Yes, with a B) are left unclaimed from these settlements. Many people will never even know they were owed money, UNTIL NOW...
What is a Class Action Lawsuit?
A Class Action lawsuit is a lawsuit where a group of people sues a company for similar grievances. In this form of legal action, the lawsuit is filed on behalf of everyone (the class members). To be a part of a class action, the members must show that their experiences are similar and that the individual lawsuits would not be an efficient use of the court’s time. Alternatively, the individual compensation must be small enough that it is not worth the time or money for each class member to have their own representation.
Example of a Class Action Case:
Say you purchased a computer from Acme Computers during 2002. After a year, you realize that the computer has broken down, and you need to get it fixed for $250. You later find that this is a common problem and feel that you should be compensated from the company. So you, together with a lawyer, bring a Class Action lawsuit together against Acme Computers on behalf of everyone that purchased the computer in 2002. All those customers are now automatically Class members of the suit.
How would I know?
Here’s the thing; if you had no idea the defective part was a widespread problem, you maybe never know you were a Class Member. The lawsuit may settle with $2.5 Million Dollars, however, it just sits in possession of the custodian until members claim it. That’s where we come in. With updated settlements and news, you can always find up-to-date information about class actions that may INCLUDE YOU.
Class Action Settlement
In the United States federal courts, class actions are governed by the Federal Rules of Civic Procedure Rule 23 and 28 U.S.C.A. 1332(d).
Class actions may be brought in federal court if the claim arises under federal law. The federal district courts have original jurisdiction over any civic action where:
- the amount of the lawsuit exceeds $75,000 and
- any member of a class of plaintiffs is a citizen of a State different from any defendant; or
- any member of a class of plaintiffs is a foreign state or a citizen or subject of a foreign state and any defendant is a citizen of a State; or
- any member of a class of plaintiffs is a citizen of a State and any defendant is a foreign state or a citizen or subject of a foreign state.
A class action must have certain definite characteristics (often referred to by the acronym CANT):
- Commonality - there must be one or more legal or factual claims common to the entire class (in some cases, it must be shown that the common issues will predominate the proceedings over individual issues, such as the amount of damages due to a particular class member),
- Adequacy - the representative parties must adequately protect the interests of the class,
- Numerosity - the class must be so large as to make individual suits impractical (in other words, that the class action is a superior vehicle for resolution than numerous individual suits), and
- Typicality - the claims of defenses must be typical of the plaintiffs or defendants.
New Class Action Lawsuits
A Class Action is a lawsuit in which a group of individuals sue a company or entity on behalf of all other people who are in the same position. These people all join part of the “Class” and are referred to as “Class Memebers.” Potentially, you may be a class member in a lawsuit without even knowing it if you meet the requirements of a Class Member as approved by the court. This website lists the requirements and available class actions for you to determine if there is money out there that is rightfully yours.
A lot of times, attorneys will settle class action lawsuits on behalf of those affected and take a percentage of the settlement amount. Often times, that money will sit and be in the attorney’s possession until a Class Member makes a claim for it, resulting in billions of dollars unclaimed from class action settlements. Make sure that you’re constantly checking for new settlements that you might be a part of here at ClassActionPayments.com
Find a Lawyer
Class actions are Lawsuits By the People, For the People and there are special lawyers who deal in things like this. You can find them in some of our search results here:
Even if you have a small loss or damage, you can rely on the larger group of people who are also damaged to bring a lawsuit. If, for example, you were ripped off for $10, that alone would not be enough to warrant a lawsuit. However, if there were 10,000 of you that all suffered that $10 loss, your total losses or damages are enough to bring suit as a collectively whole against the company.
If there isn’t a class action lawsuit already available for something you feel has affected a lot of people, your first step in trying to start a class action lawsuit and become the Lead Plantiff would be to find an attorney.
Your first step in doing this would be to find the right class action attorney. There are 3 things you should look for when finding one:
- A Good track record
- Has adequate resources to help you launch a successful lawsuit.