Class Action
Terry Buehler has represented investors and shareholders in numerous class action lawsuits in state and federal courts around the country. A class action is a lawsuit in which one or a few individuals represent a large group of individuals with similar claims. There are four basic requirements for a class action:
- Numerosity. The class must be so large that joining all the members in the case would be impracticable (usually this means more than 40).
- Commonality. The class must have claims that are based on similar facts and legal theories. Usually, these similarities must also predominate over any differences in class members’ claims.
- Typicality. The representative plaintiff or plaintiffs’ claims must be typical of the other class members’ claims.
- Adequacy. The representative plaintiff or plaintiffs’ interests must be aligned with the other class members’ interests and must be represented by attorneys who are capable of managing a class action.
Class actions spread the cost of litigation among many people and conserve judicial resources by allowing many claims to be adjudicated in a single proceeding. Class and collective actions also provide a remedy when many people have small claims that would otherwise be too expensive to litigate.
We represent individuals and classes of individuals from across the nation in class actions involving stock fraud, corporate governance issues, disputes over stock valuations, and market manipulations.
If you need advice on the law relating to litigation, contact Thomas F. Burke, P.C. at 312/362-1300 or by email at tburke104@att.net.