FAQs on Class Action Lawsuits Pt. 3

There are a number of questions that arise with regards to how class actions work. This article will discuss some of frequently asked questions with regards to class actions.

Q. What kinds of relief are possible in a class action? The same kinds of relief or compensation available to the plaintiff in an individual civil lawsuit are the ones available in most class action lawsuits. Most class action lawsuits seek some form of financial relief which is an award of monetary damages to each class member. Such relief is known as ‘common fund’ cases. Where the potential claims are too numerous or too large for the defendant to pay in full, the class action looks to obtaining the largest possible payment. Therefore, this payment is to be split fairly among the class. Such an action is referred to as a ‘limited fund’ class action.

Q. Each class member has the option to remain in the class or opt out and file their own lawsuit, how do I decide which is the best course of action? Such a decision is based on two main factors. Firstly, the extent of losses and secondly, your willingness to litigate the claim yourself. If you have been harmed to a small extent it makes sense to go with a class action. Doing so allows you to see how it gets resolved and to receive any settlement or judgement that is made. However, for example, if you suffer a serious injury due to a car accident caused by a defective braking system this is a claim you may want to pursue on your own. The claim would be against the vehicle manufacturer, even though there may be thousands of other cars and vehicle owners.

Therefore, if your losses are serious and you are considering an individual claim contact the Vinson Law Office for advice.