class action lawsuit

(redirected from Class Action Suits)
Also found in: Financial.
A legal action by one or more plaintiffs on their own behalf, and on the behalf of other persons with an identical interest in an alleged wrong

class action lawsuit

Medical liability A legal action by one or more plaintiffs on their own behalf, and on the behalf of other persons with an identical interest in an alleged wrong. See Agent Orange, Breast implants, Dalkon shield, Shiley valve.
References in periodicals archive ?
but opponents say the law would create such difficult hurdles to advancing class action suits in the courts that it would make the practice virtually impossible.
Indian investors and depositors will finally get the option of filing class action suits against a company after the government on Wednesday set up the National Company Law Tribunal (NCLT) - a new entity that will take over several powers in coming months, including those related to deciding on revival of companies.
Just this spring, the 2nd Circuit found that a mandatory arbitration clause in American Express customer agreements did not prevent merchant customers from filing class action suits.
However, an uptick in securities class action suits filed in the first few weeks of the third quarter suggests that the second quarter was only a breather in what is shaping up to be an active year for securities litigation.
In addition to shareholder derivative suits and class action suits for board breaches of duty, exclusions from federal plans are exposures faced by health care boards.
Class action suits were introduced in Swedish law in 2002.
While buyers don't have access to insurer claims files--such as those used by actuaries to price risk--they do have access to detailed information on securities class action suits, the principal cause of claims under public company D & O policies.
It drives home the message that class action suits are out of control," said Michael Duncan, general council for the National Association of Independent Insurers.
But California Advocates for Nursing Home Reform has filed three class action suits against the state of California in federal court.
Nobody would mind class action suits if they didn't work," Cabraser said.
In 1989, several class action suits filed against Continental Can Company for violations of Section 510 of the Employee Retirement Income Security Act of 1974 (ERISA) were consolidated and a settlement agreement was reached under the supervision of a Special Master.
The number of securities class action suits filed was essentially unchanged, with 234 suits filed in 2009 compared to 239 the prior year, while the number of securities fraud suits filed by regulators grew sharply, with a 22 percent increase over 2008.