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While class action lawsuits are generally associated with dangerous products, they can also involve cases of discrimination or unfair employment practices. A class action lawsuit attempts to serve justice for those who mislead the public by intentionally withholding important information or warnings.

If you are receiving money from the PG&E fire settlement the award may be taxable to you. In general, all income is considered taxable unless Congress says it is not (IRC 61).

Class action lawsuits provide legal relief to large numbers of individuals who were wronged by a corporation and only suffered relatively small monetary losses. Class action lawsuits are typically filed by one person or a small group of people on behalf of all those who were harmed in the same way ("class members").

A California class action lawsuit is a legal action in which one or more plaintiffs sue as representatives of a group of people with similar claims. Liability is then determined by a judge who approves a legal remedy for all members.

One example can be a customer suing a company to repeal an action deemed an infringement on the rights of the customer as a citizen and thus a subject to federal or state law. The largest direct-action lawsuit in history ($333 million) was the subject matter of the motion picture Erin Brockovich.

One of the dangers of joining a class action lawsuit is that you lose the right to file an individual lawsuit if the class action case fails. In addition, you cannot reject a settlement offer to which the class representatives have agreed.

1) Big Tobacco: $206 Billion 1998 The agreement has been the biggest class-action settlement in U.S. history. It required tobacco companies to hand over an enormous amount of money over to the excluded states in the future, which was over $250 billion over 25 years, plus $9 billion a year for the rest of life.

Reasons for Smaller Settlements in Class Action LawsuitsClass action lawsuit settlements are not divided evenly. Some plaintiffs will be awarded a larger percent while others receive smaller settlements. There are legitimate reasons for class members receiving smaller payouts.

A List of The Biggest class action settlementsVolkswagen emissions scandal $14.7 billion.Enron securities fraud $7.2 billion.WorldCom accounting scandal $6.1 billion.Fen-Phen diet drugs $3.8 billion.American Indian Trust $3.4 billion.Silicone breast implants $3.4 billion.Cendant accounting fraud $3.2 billion.More items...?Feb 4, 2022

When a group of people who have been injured in a similar manner file a single lawsuit to seek compensation as a group, this is known as a class action lawsuit. You may also hear these types of cases referred to as multi-district litigation or mass tort litigation. Often, these cases are filed against