7 Things You Didn't Know About Class Action LawsuitsCertificate Clearing Corporation
Mon Nov 09, 2020
Learn more about why class actions are the best solution consumers have to hold corporations accountable for fraud and other illegal conduct.
There are different types of class action lawsuits which means the benefits can vary:Class action lawsuits can be filed over defective products such as cars or kitchen appliances, but there are also pharmaceutical, medical device, consumer, security, and corporate misconduct cases. CCC is familiar with them all and has helped millions of clients recover billions of dollars from these lawsuits. Since cases are filed over different types of allegations varying in severity, the benefits provided are equally diverse. A lawsuit can settle and award class members cash, coupons, warranty extensions, credit monitoring services, or simply require the defendant to make changes in their corporate practices.
Submitting a claim to recover damages does not expose your name to the public or defendantsIn class action lawsuits, lawyers will only need to find and list a class representativeto begin the case. If you do volunteer to be a named plaintiff, the Judge typically approves an additional payment to these people for their time in meeting with attorneys.
Not everyone who qualifies is notified
When the Judge approves a settlement there is a notification requirement that given today’s online world consists of the following: a notice in print on major newspapers and online banner ads on their website as well. Generally, email notices will also go out based on the Defendant’s records if they have any. Given the multilayered notification process you may expect a typical claim filing rate of 30%%, but interestingly on average less than 10% of eligible people file which tells you not everyone is properly reached. You may qualify even if you are not notified.
Your contact info is only used for approving claims and processing payments
The lawyers handling the case will hire an administrator to process claims and payments to protect consumers from facing any mistreatment from the defendant(s).
Class actions are the best solution consumers have to hold corporations accountable for widespread misconduct
When Volkswagen manipulated its vehicles to emit less toxins when being tested by state regulators, they harmed not only the environment, but millions of drivers. As an individual, fighting a lawsuit against a massive corporation is no small endeavor- the class action device allows a group of people similarly impacted to file as a class and ultimately receive world class legal representation that they individually could not afford.
There have been over $5,000,000,000 (billion) in consumer class action settlements this year alone and here are a few highlights of larger cases:
$700 Million Mercedes Diesel Emissions Class-Action Settlement Details Announced
Drivers alleged Mercedes "clean diesel" cars were producing illegal amounts of polluting emissions thus diminishing their value.
$500 Million Apple Inc. Device Performance Class Action
Plaintiffs claimed that a performance management feature introduced for iPhone 6, 6 Plus, 6s, 6s Plus, and SE devices in iOS 10.2.1, and introduced for iPhone 7 and 7 Plus devices in iOS 11.2, slowed the performance of some devices. Selling used phones is common and if it no longer performs to speed it would potentially be worthless on the resale market.
$650 million Facebook biometric information privacy settlement
Facebook has settled a class action that claimed Facebook collected and stored the biometric data of Facebook users in Illinois without the proper notice and consent in violation of Illinois law as part of its “Tag Suggestions” feature.
About Certificate Clearing Corporation
CCC is the class action recovery expert that is prepared to help you recover in any case you are eligible for. With over 25 years of experience, our founder Jim Tharin, has been the pioneer in class action recovery services that deliver immediate value to class members around the country. You do not need CCC to file your claim to receive your settlement award. You can file on your own.