class action lawsuit


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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 ?
Under the terms of settlement of the federal court class action lawsuit, U.
OB) today announced the completion of the settlement of the federal and state court class action lawsuits that were filed against the Company and its former executive officers, Thomas P.
On February 22, 2005, the Company executed written settlement agreements to settle the federal and state court class action lawsuits.
It also brings a measure of predictability to securities law by requiring plaintiffs' lawyers to file many types of securities class action lawsuits in federal court.
That prospect," the justices concluded, "squarely conflicts with the congressional preference for national standards for securities class action lawsuits.
In Dabit, the Court unanimously ruled that Congress intended all class action lawsuits involving securities listed nationally and traded on a national exchange to proceed in federal court, where the law is more predictable.
In this way, Congress intended to eliminate frivolous securities class action lawsuits.
Payment of this amount is contingent, however, upon the courts in the federal and state class action lawsuits granting final approval of the settlements reached in those respective actions, and such orders becoming final and non-appealable.
Under the terms of the settlement agreements regarding the federal and state court class action lawsuits and the lawsuit that Innovative Optics, Inc.
6 million (less attorney's fees) of any settlements with, or judgements against, the individual non-settling defendants in the class action lawsuits and the two related shareholder derivative lawsuits.
The Clearinghouse's Disclosure Dollar Loss Index -- DDL Index(TM) -- is the running sum of "disclosure dollar losses" for all class action lawsuits filed year-to-date.