Class Actions Essay Example | Topics and Well Written Essays - 250 words

Class Actions - Essay Example wsuit on behalf of several thousand or a larger group of unnamed plaintiffs who share common grievances caused by similar actions, products or defects such as consumer products, pharmaceutical drugs, medical devices and motor vehicles. People have also submitted class actions with regards to corporate misconduct, employment practices, consumer fraud and securities fraud. A class action is the best way of handling cases with similarly situated and multiple plaintiffs. This is so because, many a times, there are many people who have suffered similar or same injuries, and their individual injuries are minor, as such, they might not independently pursue legal redress. However, there are instances in which it may be impractical to submit individual lawsuits, especially when the numbers of those affected by defective products or conduct of actions is high (Hensler, 2001). As a result, class actions have become an efficient way of bringing together and disposing off thousands of claims that would otherwise be impractical to be individually litigated. Class actions still remain the most viable way of handling thousands of similar claims since it aggregates small claims, thereby lowering the cost of litigation. Class actions also ensure that all plaintiffs, both unnamed and named, receive some compensation (Backhaus et al., 2012). Backhaus, J. G., Cassone, A., & Ramello, G. B. (2012). The Law and Economics of Class Actions in Europe: Lessons from America. (J. G. Backhaus, A. Cassone, & G. B. Ramello, Eds.). Northampton, Massachusetts: Edward Elgar