fintech / news / / The Sun U.S Edition
Class action lawsuits offer groups of people, or ‘classes,’ a way to band together in court.
Class actions consolidate similar individual legal complaints into one collective lawsuit in court.
KEY POINTS
- Defendants in class action settlements usually deny wrongdoing while agreeing to compensate class members.
- Accepting settlement payments generally requires class members to waive further legal claims on the issue.
- Companies settle class actions primarily to avoid the higher costs of ongoing litigation.
COMPANIES
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