Is a Class Action Lawsuit Right for You
Is a class action lawsuit right for you? That is a good question.
Have you been injured or harmed by a company in some way? Have other people suffered similar injuries to yours by the company? If so, is it better for you to bring a lawsuit against the company as an individual, or should you take part in a class action lawsuit against the company?
A class action lawsuit is a lawsuit that is filed on behalf of a group of people, rather than one individual. It involves a group of people who have suffered similar injuries in some way by the actions of a company.
For example, a class action lawsuit may be filed against a pharmaceutical company over a drug for making illegal claims about the medication or because physical injuries or deaths have resulted from taking the drug. Or, a class action lawsuit may be brought against an automobile company because of a defect in one of its models that has brought about physical injuries or deaths.
Again, the important question is, Is a class action lawsuit right for you? To answer that question, you need to know that there are some advantages and disadvantages to a class action lawsuit.
One of the main advantages of being a part of a class action lawsuit is that it permits a large group of injured people to get a fair compensation, even when each individuals claims are relatively small. Lawsuits usually involve a long and costly process. If your damages are only around $100 or even $1,000, for most people, it is not worth it to file a lawsuit. A class action lawsuit makes it possible for a group of people to receive just compensation, even when the individual claims are relatively small.
Compensation spread equally
Another advantage of a class action lawsuit is that individual lawsuits are on a first-come, first-served basis. If someone else brings a lawsuit against a company and wins a large compensation, the company may be bankrupt before you can file your claim. A class action lawsuit means that compensation will be spread equally across all of the injured parties with similar injuries.
Another advantage of a class action lawsuit is that it ensures that you, and all of the other parties bringing the suit, will be represented by a highly competent, experienced attorney with a proven track record. If you file an individual lawsuit, you may not be able to afford an attorney like this.
One of the primary disadvantages of a class action lawsuit is that if you lose, you are usually not allowed to bring an individual lawsuit against the company at a later time. This is one reason to opt out of a class action lawsuit if you believe that your damages are much higher than the rest of the peoples in the lawsuit.
Another disadvantage of a class action lawsuit is that critics accuse attorneys of sometimes filing frivolous lawsuits in order to get a quick settlement. In such instances, the damages awarded to those suing may be very small, while the attorney receives a large percentage of the total financial award.
The wise thing to do is to call a personal injury attorney and discuss your case with him or her.