Saturday, May 01, 2010

Pros/Cons Of Class Action Lawsuits

"Pros/Cons Of Class Action Lawsuits." One of the biggest issues that divide liberals from conservatives is the practice of class action lawsuits. So, what are the pros and cons of class action lawsuits? The pros of class action lawsuits involve a group of people who were all hurt by the negligence and/or malpractice of one defendant in the same way and being able to join together in a single action to collect damages from that party. I have always thought that the biggest pro to a class action lawsuit was experienced by the party being sued since rather than facing thousands of small lawsuits - the responsible party instead is only sued once.

On the cons side of class action lawsuits, they have caused the bankruptcy of many companies over the years as legal costs and judgments add up to more than the company is worth. Another major con to class action lawsuits is the way that some less than honorable attorney's rush to them like fish to bait in an effort to earn some quick cash with very little work. While most attorney's are respectful of their profession, class actions lawsuits seem to bring out the worst in some attorney's as they advertise endlessly in search of potential victims on television. Class action lawsuits do have a purpose in our society, but their practice should be more limited than at the current time.

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