Class Action Lawsuits
Last week I received a class action lawsuit notice through the mail. I had no idea what it was about except it involved a credit card company that I do business with. At the time I was considering throwing it in the nearest bin. Then I reconsidered as I realized there may be some money in it for me!
So what are class action lawsuits? Well it’s litigation to determine the legal outcome for large numbers of people whose cases involves a common question of law. In a nutshell this means that it gives ordinary people the opportunity to take on large organizations or companies with expensive lawyers. Sometimes the class action lawsuit involves a large number of individuals who each can get something from the outcome. This can really add up and can be very costly for the company involved in the lawsuit.