While the result obtained ultimately depends on the strength of the case, it is a myth that class actions do not produce substantial returns for claimants. For instance, settlements in In re American Continental/Lincoln Savings & Loan Securities Litigation yielded approximately $250 million, over eighty percent of total damages of $288 million. More recently, Waste Management, Inc. shareholders recovered $220 million, while Informix shareholders won a settlement in excess of $100 million. Strong cases can and do yield strong recoveries.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified class action lawsuit lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local class action lawsuit attorney to discuss your specific legal situation.
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