Key Things You Need to Know About Class Action Lawsuits in Chicago

by | Oct 18, 2019 | Legal

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What Is a Class Action Lawsuit?

A class action lawsuit is a type of lawsuit that is filed on behalf of several people. Class action lawsuits in Chicago are typically filed due to defective products. This includes prescription drugs, faulty devices and unfair business practices. People can also file a class action lawsuit if they have been unfairly fired or a victim of discrimination in the workplace.

Class Action Lawsuit Certification?

In order for a class action lawsuit to be certified, the following criteria must be met.

  • There has to be so many plaintiffs that filing individual lawsuits must be impractical.
  • All of the plaintiffs must complain about the same problem.
  • All of the potential defenses must be the same.
  • The class representatives have to be able to provide adequate and fair protection.
  • It Is Easy to Join a Class Action Lawsuit

If you are eligible to get compensation from a class action lawsuit, then you will likely be sent something in the mail. You may also see an ad for a class action lawsuit. You will likely be opted in to the class action lawsuit unless you decide to opt out of it.

Wait for Your Money

The organizations who have a lawsuit filed against them do have a chance to appeal. They can also object to a settlement. If the organization does not file an appeal, then you will likely get your payment within six to nine months.

Keep in mind that you likely will not get a big amount because class action lawsuits may involve hundreds of people. Any money that you receive is taxable. You can donate the money that you receive and qualify for a tax deduction. If you do not want to take the money, then you can also donate it to another member of the class action lawsuit.

If you are interested in joining one of the class action lawsuits in Chicago, then you will need to contact Zimmerman Law Offices.