What is a Class Action Lawsuit?
At one time or another, you may have received a court notice in the mail informing you that you are part of a class action lawsuit. You may have had questions about the appropriate course of action take and whether you should even bother with it.
You’re not alone. It’s not uncommon for people to throw class action court notices in the trash simply because they don’t understand their options. It’s also not uncommon for people to receive nominal checks in the mail for having been a part of a class action – without even realizing it.
Nevertheless, there are both advantages and disadvantages of participating in class action lawsuits. We’ve outlined them below. But first, we’ll start with the definition.