Class Action Lawsuits

Class actions are a procedure which permit individuals who have similar claims to be joined together to prosecute their claims in a more efficient manner. This is accomplished by permitting a representative or representatives to sue on behalf of a class of persons when the issues in dispute are common to all members of the class and the persons affected are so numerous as to make it impracticable to bring them all before the court.

Class actions are intended to promote two main goals. First, they allow individuals who have been injured by large, well-funded corporations or institutions to seek judicial remedies by spreading the cost of complex and time-consuming litigation over the members of the class. Second, they protect consumers by deterring dangerous and deceptive business practices in the future.

Federal Securities Class Action