A class action lawsuit may be filed against a business by consumer organizations on behalf of consumers for many reasons, including misleading advertising, faulty products, or some other type of misrepresentation. Successful class action cases often result in hefty pre-trial settlements.

Jump to navigation Jump to search. Share this: A class action settlement impacts not only the interests of the named parties that negotiate the settlement but also the interests of a much larger number of absent class members. Securities Class Action Settlements: 2014–2018 Update, Cornerstone Research). The number of filings alleging Rule 10b-5 and/or Section 11 claims reached record levels in 2019. A Final Fairness Hearing follows at which class members can voice their opinions about the settlement. Claim Deadline 12/5/18 (for identity theft protection) or 2/10/21 (for reimbursement). List of class-action lawsuits. Trans Perfect Class Action Settlement ($3,500,000) – The Trans Perfect Class Action Settlement revolves around a data breach that took place in January of 2017. Note, there is no proof of purchase needed to claim what is owed to you, so you don’t need to go searching for old receipts. Here is a master list of class action settlements (worth over $215 in total) that are still not past their deadline for anyone who purchased the items in question (can be found on the settlement pages). By D. Scott Carlton. Class Action Lawsuit Settlements offer consumers reimbursements from businesses that have settled class action suits that were brought against them. Looking Ahead Recent trends in securities case filings can inform expectations for developments in settlements in upcoming years. There are usually two fairness hearings—the first is the "Preliminary Approval" hearing. Class-action suits often yield settlements of over $1 million; however, some cases are settled for … If a class action lawsuit settles, the court will hold fairness hearings to ensure the terms of the settlement are fair to all class members. Class Eligibility You are a member of the settlement if you purchased one of the qualifying Ocean Spray Products during the Class Period in your state, for personal or household use … After that hearing, a Notice of Proposed Settlement is sent out to class members.
The settlements are usually for far less money than a potential court decision would provide the plaintiffs. Also, the defendants in the suits don’t have to admit they did anything wrong. …
Class Actions 101: Six Tips for Approaching Class Action Settlements Settling a class action lawsuit poses unique challenges and imposes specific obligations on the parties. The lawsuit Enron shareholders filed after the company’s collapse resulted in a $7.2 billion settlement.