You most likely have heard the term class action lawsuit. You might have seen it a handful of times before on the TV, or perhaps read a story about it. And that’s because a classic action lawsuit is a big deal.
Compared to some major cases (usually homicide, drug trafficking, or court battles between famous people), class action lawsuits are huge because it involves a large number of individuals taking on a huge organization that has caused them to harm in some way. It can take years to settle, involves multiple court battles, and the payment can be worth millions.
But it’s more than just about the money.
Being part of a class action opens up the opportunity to change the world, influencing the organization and the general public. You can make a real difference to society and future generations while ensuring you are compensated for your pain and suffering.
That’s just a few benefits to taking part in one. We have a few more listed below:
The Key Benefits To Joining Class Action Lawsuits
You Get Compensation For Your Suffering
Firstly, and while it might be somewhat self-beneficial, you will get compensation for any suffering or pain you’ve experienced. Being part of a class-action lawsuit ensures that you have the opportunity to express how you feel about certain situations and that you get a reward for putting in the effort and commitment to see worthwhile change.
You Help Fellow Class Members Suffering From Similar Harm
The likelihood is that there are probably hundreds, if not thousands, of class members that have suffered similar or worse fates than you. It is only fair to them that they have the opportunity to get compensation for their suffering. Being part of it ensures you’re helping your fellow sufferer, assisting them in getting a bigger settlement return. Some claims are too small to file on an individual basis and not worth the hassle. Remember that the person has suffered worse than you in some cases, so they are very deserving of the compensation.
Joining Empowers The Class Action
The more members of the class action, the more power it has to make a substantial case. As we touched on above, individual claims against an organization are not as powerful as group action. In many cases, individual cases never make it to court. If there are 1000 people against the organization, there is a better chance for a favourable outcome. You can help to be part of that movement.
Bigger Payout For Fellow Class Members
The more class members, the bigger the payment for them. While the funds might be divided amongst the members, in most cases, the payments are larger due to the number of members involved and affected by the case. There is also the factor that class actions often lower the legal costs of a claim, maximizing the return for all class members.
Enacts Positive Change For The Future
Class action lawsuits are recognizable because they enact meaningful change. The organization itself has to change due to its action, while others will take note of the social outcry and image damage it suffers from these types of litigations. Class action lawsuits are responsible for initiating change in industries to improve safety and practices.
If the opportunity arises that you are part of a class-action lawsuit, you should take it. You are taking part in something that will create substantial benefits for society, future generations and fellow members while ensuring that you are getting fair and honest compensation for your suffering at the organization’s hands.
- ICAI Exam Form
- CA Inter Result
- CA Final Result
- CA Foundation Result