1. What is a class action lawsuit?
A class action allows one or more “lead” plaintiffs to file
a lawsuit on behalf of a larger group, called a “class.” If
the lead plaintiffs win the case, everyone in the affected class shares
in the damages award. It is frequently used when a good number of people
have been similarly affected by a company’s unlawful conduct.
2. What does it cost to bring a class action lawsuit?
Typically, it does not cost the individual bringing the class action any
money to bring the lawsuit because class action lawsuits are brought by
attorneys who work on a contingency basis, meaning they do not get paid
unless they are successful. If the case is won, the attorneys takes their
fees and reimbursement out of the final settlement.
3. What is a class period?
The class period is the time frame during which a company improperly conducts
its business. For example, if a defective product that injured many people
was made between January 2007 and December 2009, that would be the class period.
4. What type of cases can be brought as class actions?
There are several types of class action lawsuits that can be brought, including
those that involve consumers, securities and antitrust, personal injury,
product liability, and employment.
5. How much will I receive and how long will it take?
The amounts will always vary, but there are instances where thousands of
dollars can be received in a single claim, to every person involved. However,
don’t expect the settlement checks to come overnight. In can take
anywhere from 6 months to a year or more to get paid for any kind of settlement,
but this shouldn’t discourage you. Patience is key.
If you want to learn more about class action lawsuits, contact our
Philadelphia class action lawyers at Golomb & Honik, P.C. today.
For a free case evaluation, call (215) 278-4449 or contact us online.