Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Do you agree with this answer? ...I do not think class action lawsuits should be restricted. Class action lawsuits are a great way for big

Do you agree with this answer?

"...I do not think class action lawsuits should be restricted. Class action lawsuits are a great way for big businesses to be held accountable; something we desperately need in our capitalistic society. If certain parties have been damaged such as consumers, there should be repercussions for the entity that caused the harm to begin with. In many cases this is seen in "consumer protection, environmental, antitrust, and securities fraud litigation (Banks and O'Brien 387)". With individual consumers, for example, being damaged from a harmful product, they can band together and take part in the class action lawsuit. This means that all parties will have representation but they are not paying an arm and a leg to get it. The threat of a class action lawsuit not only protects those who are damaged, but it deters organizations from partaking in fraud and unfair business practice. With all of the strength that class action lawsuits have, there are also some weaknesses. One weakness is political controversy as some class action lawsuits end up being "mass tort actions". Another is that as a result of class action lawsuits, there are many "logistical management problems for lawyers, clients, and the judiciary (Banks and O'Brien 388)". As much as we don't want to overburden our judiciary, I still contend that class action lawsuits are a positive thing. The American people deserve representation, and with how expensive it can be from a civil standpoint, these class action lawsuits are a necessity...."

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contract Law

Authors: Ewan McKendrick

14th Edition

1352012065, 978-1352012064

More Books

Students also viewed these Law questions

Question

What is the purpose of aggregating certain operating segments?

Answered: 1 week ago

Question

A greater tendency to create winwin situations.

Answered: 1 week ago