Please note that all submissions to the site are subject to the wiki's licence, CC 4.0 BY-SA, as found here
Class action: Difference between revisions
No edit summary |
Adding citations |
||
| Line 1: | Line 1: | ||
A class action (or class-action lawsuit) is a type of civil lawsuit that allows a group of individuals (the "class") to make a unified, collective civil case against an entity. | A class action (or class-action lawsuit) is a type of civil lawsuit that allows a group of individuals (the "class") to make a unified, collective civil case against an entity.<ref>https://www.investopedia.com/terms/c/classaction.asp</ref> | ||
When a class action succeeds, the class receives compensation, and after legal fees, all members of the class receive a share of the compensation. | When a class action succeeds, the class receives compensation, and after legal fees, all members of the class receive a share of the compensation. | ||
Revision as of 14:38, 19 January 2025
A class action (or class-action lawsuit) is a type of civil lawsuit that allows a group of individuals (the "class") to make a unified, collective civil case against an entity.[1]
When a class action succeeds, the class receives compensation, and after legal fees, all members of the class receive a share of the compensation.
Class actions originated in the US but are now recognised in some other jurisdictions, including Canada, the UK, and some European countries.
Importance for consumer rights
Class actions are of particular importance for upholding consumer rights, as they allow claimants to receive justice when it would be too costly and time-consuming for individuals to separately seek justice on a widespread issue.
Obstacles
Forced arbitration
Forced arbitration clauses can restrict individuals from participating in class actions.
