What is a Class Action Lawsuit?
Class action is a type of lawsuit in which numerous individuals file a claim collectively against a corporation to recover damages for wrongdoing. It can be an efficient method of offering justice to many people at once. Rather than one individual having to fight for recourse from a large and powerful company on their own, it is a collective effort on the part of many.
Types of Class Actions
Typically, a class action lawsuit encompasses subjects such as:
- product liability (defective devices, toxic pharmaceuticals, herbicides such as Round-Up, Paraquat, etc.),
- failure by an insurance company to pay benefits (death benefits, denying insurance coverage),
- non-disclosure by financial institutions of their fees and penalties (for example loan pre-payment penalties),
- and consumer fraud (including Covid-19 scams, false charitable pledge solicitation, identity theft and data breaches).
Pyramid schemes, Corporate Owned Life Insurance (COLI) and Bank Owned Life Insurance (BOLI) can also be subjected to a class action lawsuit. Scott Clearman obtained settlements of over $12 million (net of attorneys' fees and expenses) for the families of deceased Wal-Mart and Fina employees after the companies purchased life insurance policies covering those employees.
Breach of contract and breach of warranty (the claims underlying a class action) are serious offenses that must be fought against to hold corporations accountable. At The Clearman Law Firm PLLC, Scott will investigate any pending actions against a company. If no cases are ongoing that relate to your specific circumstances, he will inform you of the steps to begin litigation and take your case through to an otherwise unimaginable resolution and recovery.
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