One way class action lawsuits are sometimes resolved is through a settlement. When a proposed settlement arises in a class action case, a decision comes before the different class members: whether to be a party to the settlement or to opt out.
Legal complaints continue to be filed in connection with defective ignition switches made by General Motors. The defective switches can cause cars to shut down suddenly, and 45 fatalities have been linked to the defects. The company has recalled about 2.6 million affected vehicles. Now, in addition to legal claims brought by families of the deceased, a class action lawsuit has been filed by GM investors.
Whether it might come in the next few days or next few months isn't clear, but according to unnamed sources cited by The New York Times it's looking like a major consumer fraud case against bond rating giant Standard & Poor's may be in the offing.
A number of veteran litigators at Shepherd, Finkelman, Miller & Shah started out as labor attorneys. Since then, SFMS lawyers have represented a wide range of clients, including labor organizations, private employers, public employers, employee plaintiff groups and individual employees.
We recently discussed the nature of class action lawsuits and how they can provide a level playing field for plaintiffs who would otherwise not have the resources to take on a large corporation or other entity. "What is a class action and how is one started?" has more on that subject.