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Class Action Lawsuits
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Thomas the Tank Engine makers have settled a class-action-lawsuit against for $30 million, stemming from their production of anthropomorphic toy trains brought to life with lead-tainted paint. Under the terms, RC2 will give cash refunds or replacement toys, plus a "bonus" toy. Hopefully this time RC2 will check to make sure the apology choo-choos aren't lead-tainted as well.
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In America today there are thousands of class actions and billions of dollars in unclaimed monies available for victims. If you have been wronged by a major corporation, you may be entitled to compensation.
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[I]f a class action is filed on behalf of shareholders, this “tolls” the limit for filing a case for those the case seeks to represent. If, for example, if a shareholder decides to “opt out” of the class action, or it is later decided the class action can not be maintained, the “window” for such shareholders to file their own cases remains open. (Caution: The remaining time to file a case may then be quite short.)
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Class action lawsuits can drag out over time, and it gets tough to stay financially afloat. Get your deserved money now in the form of an advance, if you truly need it. You should not have to suffer more than what you are already going through.
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Last year, securities class-actions lawsuits totaled 116. They peaked in the past 10 years with 240 in 1998, which some legal authorities blamed on lax anti-fraud enforcement until a government crackdown five years ago, after massive corporate fraud by major corporations such as Enron Corp. and WorldCom Inc.
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Class actions may ... be brought on contracts. For example, all customers of America Online could claim damages when it went to its $19.95 per month rate - with inadequate capacity to handle the increased traffic.
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Class Action Lawsuits