With many things in life, it is possible to get more done simply by working with others. The saying ‘many hands make light work’ is very true. This is the case in many areas of our lives.
That includes situations in which we need to seek redress through the courts. With this in mind, today, we thought we would share a bit more information on class action lawsuits. Below, we pose some of the questions people have and provide you with brief answers.
What are Class Actions?
Class actions are when a group of people comes together to sue a company, organization or individual. They can only do this, as a group, if they have all had a similar issue with the same third party.
How expensive are class actions?
One of the attractions of class actions is the fact that the legal fees are split amongst so many people. But you do need to be careful about making this assumption. It is rarely as simple as that. So before joining one talk about the costs and who pays what and when.
How is the money divided if a class action is won?
Again, it depends. After costs, the compensation that has been secured is split amongst all litigants. But who gets what varies depending on the nature of the case and other factors?
In many cases, the lead plaintiffs will get a bigger percentage. This is partly because without their evidence the case would not have been successful. It can also be because they must do work that the other complaints do not need to do. For example, give evidence.
Are class actions better than individual lawsuits?
This question is a little tricky to give a concrete answer to because it really depends on your case. Before joining any class action, it is a good idea to ask the lawyer who is leading the case what type of litigation is likely to secure the best outcome for you.
In many cases, it is also worth asking at least one other lawyer the same question. This will provide you with the facts you need to decide which approach is the right one for you.
How can I find a class action to join?
If you believe that others may have suffered similar injuries or losses as you, due to the actions of another, it is worth seeing if a class action has already been started. You can do this using class action websites. Or by doing a simple Google search.
It is also worth keeping an eye on the news. If a big company slips up there is a fair chance that the fact will be reported nationally. In many cases, class suits will be initiated. You can find out more about tracking down and joining these actions from this short article.
Of course, as with most things, there are some drawbacks to settling an issue through a class action. For example, you are highly unlikely to have much, if any, control of the direction in which your lawyer takes your case.
However, for the most part, class actions are still a good idea for many people. But it is important to do your own research and take the time to weigh up the pros and cons before joining one. This article will help you to do exactly that.