What is a class action lawsuit?
A class action lawsuit is filed when several consumers who have been victimized by similar fraudulent business tactics come together to hold the offending company liable. A class action lawsuit is a lawsuit that is specially created to help consumers recover the financial damages sustained by the fraudulent tactics of the company.
What benefits will I see from filing a class action lawsuit?
There are several benefits to filing a consumer class action lawsuit. Three of the major benefits are:
- Ability to file a claim that may be too small to file individually
- More leverage with more consumers involved
- No legal fees are incurred or owed until the case is successfully closed
Consumers who have been similarly stricken with the terrible outcomes of consumer fraud can come together to file a lawsuit. Many victims of consumer fraud either have not suffered a wrongdoing substantial enough to file an individual claim, or they do not have enough financial backing to file a claim.
A group of consumers in a lawsuit can accomplish much with a single action. This also allows for better representation because one attorney or one group of attorneys can focus on the needs and requirements of one group of consumers. More leverage is created with one group stating how the same company used similar fraudulent tactics to cause harm and damages.
Can anyone file a class action lawsuit for consumer fraud?
Not just anyone may file a class action lawsuit. Any consumer who has suffered damages financial or otherwise or who has been deceived by a company due to fraudulent tactics may file a class action lawsuit. It is in your best interest to contact an attorney to find out if you are eligible to file a class action lawsuit for consumer fraud.
What are the types of consumer fraud class action lawsuits?
There are many types of consumer fraud class action lawsuits. The more common types involve:
What compensation for damages may I ask for in a class action lawsuit?
The compensation that consumers seek in a class action lawsuit varies from lawsuit to lawsuit. The specific circumstances of the lawsuit will determine what compensation may be rewarded. The possible compensation that may be sought includes:
- Damages for a personal injury
- Damages for economic loss
- All litigation costs
There may be a statute of limitations in regards to the amount and type of compensation awarded in a lawsuit. There are some circumstances where the consumers of the lawsuit can stop the fraudulent practices of the company or change how the company acts. This can be accomplished by obtaining an injunction.
What, if any, are the statutes of limitation associated with a class action lawsuit for consumer fraud?
A statute of limitations is applicable for all class action lawsuits dealing with consumer fraud. The statute of limitations varies for every claim. The most common limitation is on the amount of time a consumer has to file his or her claim. You will want to file your claim in a timely manner to make sure your lawsuit can go forward.
The statutes of limitations for a consumer class action lawsuit depend on:
- The type of fraudulent activities
- The state in which the activities took place
Your consumer fraud attorney will be able to walk you through the statute of limitations that applies to your claim as well as your legal rights.
How do I join or file a class action lawsuit for my consumer fraud experience?
You may not be the only victim of the fraudulent activities committed by a company. An experienced attorney will help you determine if you are eligible for either joining an existing class action lawsuit or filing a new class action lawsuit.