Many people have gotten mail saying that they may be eligible for a class action lawsuit. Acclaimed lawyer Andrew R Crumbie suggests that you approach all class-action lawsuits with a degree of caution. When you get this kind of letter, you may not actually be eligible, Check the criteria to see if you actually qualify.
If you do, keep in mind that you may be one of thousands or even millions involved. The benefit to you may be a very small amount of money, or maybe not even money at all. Some class-action lawsuits are settled in free products or coupons. If there is a lot of money, (think hundreds, thousands or more) at stake, contact the lawyers who filed the case or your own personal lawyer to explore your options.
A lawsuit against Ticketmaster netted most class members around $1.50 off their next 17 purchases, while a lawsuit against Bank of America got each member $30. Some express concern that the lawyers of class action lawsuits get more money for suing than the plaintiffs do. In reality, most class action lawsuits deal in small amounts of money, and the lawyers who can file them are highly specialized in order to do so.
If you do decide to participate in a class action lawsuit, don’t expect it to resolve quickly. Usually class action lawsuits take at least a few months, more often taking years to be settled. Attorney Andrew R Crumbie stresses the importance of checking with your attorney before agreeing to a class action lawsuit, as it may affect your ability to file your own lawsuit.
Sources: http://www.bankrate.com/finance/personal-finance/class-action-lawsuit.aspx#slide=5
If you do, keep in mind that you may be one of thousands or even millions involved. The benefit to you may be a very small amount of money, or maybe not even money at all. Some class-action lawsuits are settled in free products or coupons. If there is a lot of money, (think hundreds, thousands or more) at stake, contact the lawyers who filed the case or your own personal lawyer to explore your options.
A lawsuit against Ticketmaster netted most class members around $1.50 off their next 17 purchases, while a lawsuit against Bank of America got each member $30. Some express concern that the lawyers of class action lawsuits get more money for suing than the plaintiffs do. In reality, most class action lawsuits deal in small amounts of money, and the lawyers who can file them are highly specialized in order to do so.
If you do decide to participate in a class action lawsuit, don’t expect it to resolve quickly. Usually class action lawsuits take at least a few months, more often taking years to be settled. Attorney Andrew R Crumbie stresses the importance of checking with your attorney before agreeing to a class action lawsuit, as it may affect your ability to file your own lawsuit.
Sources: http://www.bankrate.com/finance/personal-finance/class-action-lawsuit.aspx#slide=5