What is a class action lawsuit?
A class action lawsuit is a lawsuit where a group of people with a common complaint collectively bring their claim to court. A single, court-approved counsel represents the group’s interest at all times, while following state-set class action guidelines and procedures. Class action suits differ from mass action lawsuits in that the class action plaintiff seeks court approval to sue on behalf of a group of persons with the same complaint. The court does not always have to approve the request of the plaintiff. Plaintiffs in a class action lawsuit typically sign away their decision making rights to a legal representative. The attorney will then make all case decisions on behalf of the group without the need to confer with members of the class action suit.
What is the Advantage in a class action lawsuit?
The primary benefits derived from a class action lawsuit are the reduced costs. This is especially true in cases where there are many plaintiffs. In fact, both sides benefit from a class action lawsuit because many cases can be reduced into one single case that represents multiple clients. This can reduce court costs and valuable time for every party involved.
What is the disadvantage?
A huge disadvantage to keep in mind when you are involved in a class action lawsuit is the trial length. Due to the circumstances that surround class action lawsuits, it can take a long time for the initial judgment. Primary trial outcomes are typically called on appeal, and thus can prolong the already lengthy process a jury trial entails. In some cases, the appeal process can actually drag on for several years.
The amount of money gained by each member in a class action lawsuit is determined by the settlement amount, the number of members in the lawsuit and the attorney’s fee. The larger the amount of people involved in the suit, the less amount of money each member will recover. A lawyer’s fees are normally taken directly from the settlement amount as well, instead of charging each client separately.
Not all law firms have the resources with which to file and successfully litigate a class action lawsuit. Significant financial resources are necessary for investigation, discovery and class certification. The court maintaining jurisdiction over the class action lawsuit will usually require the law firm representing the proposed class to submit financial statements providing evidence of financial stability. Law firms specializing in class action lawsuits possess the resources, expertise and dedication necessary for successful case analysis, management and litigation. If you or a loved one needs legal representation in a class action lawsuit in Florida, please call The Curry Law Group to handle your case. We service the entire Tampa Bay Area and would like the chance to represent you.