Are Class Action Lawsuits Really Worth It

Have you suffered harm due to the negligence of a corporation? Maybe you know of others who’ve experienced the same mistreatment? If so, then you’re probably thinking about filing a class-action lawsuit.

But before moving forward, it’s in your best interest to hire a lawyer that’s experienced in this area and can provide in-depth legal advice. So, are class action lawsuits really worth it? Well, we’ll detail that answer in the content below. Just keep reading.

What Is a Class Action Lawsuit?

Before you can determine whether or not a class action lawsuit is worth it, you have to fully understand the definition of a class-action lawsuit. Traditionally, lawsuits are brought about by one plaintiff who makes a claim on behalf of themselves. Their issues only pertain to the harm or injustice that they themselves have allegedly experienced.

On the other hand, class action lawsuits are different because they represent an entire class of individuals. In some cases, classes can include hundreds or thousands of people who have gone through similar situations caused by the defendant.

This type of suit is filed against defendants who have caused harm to numerous people due to their actions or failure to act. The purpose of a class-action lawsuit is to strengthen the claims made against the accused party. When numerous people have suffered similar grievances, it’s better to join together and fight rather than file individual cases.

To legally represent a class of consumers, there are several guidelines that must apply, such as:

  • The plaintiff displays questions or facts that represent all of the class members.
  • The class is so large that it’s impossible for each individual to be a plaintiff.
  • The claims of the representative are standard to all members of the class.
  • The representative plaintiff will efficiently and fairly protect the interest of the entire class.

If a plaintiff does not meet these guidelines while trying to enact a class-action lawsuit, the class won’t become certified. In that case, the plaintiff can alter the terms of the class in order to provide adequate representation of the eligible consumers.

It’s best to hire an attorney and get legal advice on how to properly move forward with the case.

How Long Does a Class Action Lawsuit Take?

In most cases, class action lawsuits take a significant amount of time. Sometimes, class certification happens years after the initial complaint is filed. There is a lot at stake, so corporations tend to push back harder against class-action suits than standard lawsuits.

As a result, there’s a lot of back and forth in the courts, which include dismissed motions and other attempts to discredit the plaintiffs. Once the claim is litigated, a class action lawsuit is settled in one of three ways: a settlement, judgment, or dismissal.

A settlement happens when the defendant does not admit to any faults but agrees to pay out a lump sum in order to resolve the case. If the class members are in agreement with the settlement and choose not to opt-out, they are prohibited from making similar claims ever again.

In most cases, they receive benefits from the settlement which eliminates the need for another lawsuit in the future.

Judgments occur when the court rules in the interest of either party. If a judgment favors the class and the plaintiff, then the defendants must pay monetary damages—which is usually millions of dollars. However, if the judge rules in favor of the defendant, the plaintiff can’t make similar claims in the future.

Lastly, when a case is dismissed, that means the court has decided that the plaintiff does not have any legal ground to make a case or that their allegations are flawed. In certain situations, plaintiffs can amend their case and refile the lawsuit.

Is it Worth it to File a Class Action Lawsuit?

Overall, it is worth it to file a class-action lawsuit. Class members can recoup benefits from the settlement by simply filling out a form or providing documentation that they were affected by the defendant’s actions. As a result, they’ll receive thousands of dollars in compensation.

However, some payouts are small. The individuals involved may not feel that the payout amount is significant enough for them to join the case, but small pay amounts can add up as time goes on.

For those uninterested in joining a class-action lawsuit, they can opt out by doing so on the class website. They won’t receive any benefits that are paid out to class members, and it also means that they aren’t allowed to file a similar case in the future.

Opting out is a good choice for those who feel like their individual payout for damages should be higher than the amount received by class members. For instance, if they were physically or financially harmed by a defective product, employer, or company, then it might be worth it to file an individual case.

To learn more about class action cases, take a look at this information about the square class-action lawsuit.

Get Legal Advice for Your Class Action Lawsuit

Filing a class action lawsuit shouldn’t be something that you decide to do without legal advice. As you can see, there’s a lot that goes into play when starting this type of claim. Not only that, but the establishment that you make the case against won’t back down easily.

Therefore, you need a legal team on your side that knows exactly how to fight on your behalf.

If this content was helpful, continue reading our website and consider posting this article on your social media!

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