Been Injured By A Defective Product? 3 Things You Need To Know About A Class Action Lawsuit
If you've been harmed by a large corporation, but you don't want to fight a battle on your own, it's time to join a class action suit. Class action suits are lawsuits brought about by large groups of people. These people share one thing in common – they've all been harmed by the same corporation. With a class action suit, you won't be responsible for filing your own claim. Instead, you can attach yourself to the larger suit. Here are things you need to know before you join a class action suit.
There's Safety in Numbers
If you're attempting to recover damages from a large company, it's not always feasible to fight them on your own. That's because large companies have entire law firms in their corner. That's where class action lawsuits come into the picture. Class action lawsuits help level the playing field, by providing safety in numbers. Instead of one person fighting a large company in court, hundreds, thousands, or even millions of people join in the suit. For instance, during the height of its popularity, about six million people used the diet medication fen-phen. Unfortunately, fen-phen had serious side effects that created debilitating health complications for those users. A class action suit helped provide monetary relief for all those affected by the medication.
You Won't Face the Steep Legal Costs
If you're hoping to recover for the damages you incurred from a large company, but you don't have the money to pay for legal fees, you need to participate in a class action lawsuit. One of the benefits of joining a class action lawsuit is that you won't face the steep legal costs. Instead, you'll join a lawsuit that's already in progress. Once the case settles, attorneys for the class action suit will be paid out of the settlement. You'll benefit from the suit, without the worry of legal fees.
Your Settlement May Be Much Lower
If you're going to join a class action suit, you can expect a settlement much quicker than you would with an individual lawsuit. However, the trade-off is that your cash settlement may be much less than you anticipated, especially if you're part of a large class action suit. That's because each party to the suit will be paid out of the settlement. It's important to note that if you're the initial plaintiff to a suit, and it's combined into a class action suit, you'll receive your settlement first.
Check with professionals at a place like the Law Office of Larry A. Sackey for more information.