|
Class action
In a certain number of countries, such as the USA, a legal action can be brought up by a party aggregating a number of persons (often thousands) which have been affected in a similar manner. This is particularly useful when the damage incurred by each party is too small to make it rational for each party to start such a long and costly process (E.g. consumers over-charged or sold products with defects).
Class action
In a certain number of countries, such as the USA, a legal action can be brought up by a party aggregating a number of persons (often thousands) which have been affected in a similar manner. This is particularly useful when the damage incurred by each party is too small to make it rational for each party to start such a long and costly process (E.g. consumers over-charged or sold products with defects).
See
all terms in the dictionary of finance
To know more about it, look at what we have already written on this subject :
Find : Class action
|
|
|
|
You get more than just a glossary
on www.vernimmen.com:
- A monthly newsletter with over 60,000
subscribers
- 610,000 financial data for over 16,000
groups
- A 279-question quiz with answers
- A text book that has
sold 130,000 copies
- And all the rest |