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What is a class action lawsuit?
A class action is a type of lawsuit in which a large number of persons suffering from similar conditions bring a joint claim against a defendant or a group of defendants they consider liable. The nature of class action lawsuits is probably national, but they must share a common cause. The class must share certain attributes, which include commonality, adequacy, numerosity, and typicality. Class Action lawsuits are usually against government agencies, financial institutions, suppliers, retailers, or employers are sometimes filed. Many are based on claims of faulty goods, misleading advertising, bias, or illegal work practices. Also, by keeping them accountable, class actions will cause irresponsible businesses to change their negligent activities.
A class action is a type of lawsuit in which a large number of persons suffering from similar conditions bring a joint claim against a defendant or a group of defendants they consider liable. The nature of class action lawsuits is probably national, but they must share a common cause. The class must share certain attributes, which include commonality, adequacy, numerosity, and typicality. Class Action lawsuits are usually against government agencies, financial institutions, suppliers, retailers, or employers are sometimes filed. Many are based on claims of faulty goods, misleading advertising, bias, or illegal work practices. Also, by keeping them accountable, class actions will cause irresponsible businesses to change their negligent activities.
How class action settlement funding helps.
Baker Street Funding understands that it takes several years for class action lawsuits to conclude. And once they do, it could take months it or years for them to pay out. Don’t allow this lengthy-time period to create cash flow delays. We have expanded the variety of options used to finance class action settlements for attorneys. We could provide you with the financial trust needed, whether you need to cover overhead costs, pay case costs or fund your firm’s growth.
Get working capital quickly
Get the working capital you need with Baker Street Funding's class-action lawsuit financing, and concentrate on winning your other cases. For the final distribution of your payments, you no longer need to wait months.
Find financial commitment
Don't wait for your settled class action lawsuit to pay out. Partner with us and we will bring you an ongoing financial commitment, and refining skills.
Access flexible terms
Our financing and funding options offer substantially more capital to your firm than a conventional bank, and our terms are the industry's most flexible.
See some of the class action settlements we fund.
Consumer fraud
Class action lawsuits over consumer fraud address if a consumer is cheated for monetary gain. This is the most prevalent type of class action lawsuit and involves a broad range of deceptive business practices, including:
- Faulty goods
- Misleading publicity
- Violations of laws regarding consumer safety
Employment
Employment class actions can cover a wide variety of employee violations, including:
- Over time, minimum wage, and other compensation unpaid
- Work off-the-clock
- Misclassification of independent contractors
- Missed meals & breaks
- Discrimination; race, age, or gender
Fraud in securities
Securities class actions support investors who have lost money based on false information propagated by a stockbroker, brokerage company, business, or investment bank due to an investment they made. Stock fraud, inventory broker fraud, and investment fraud are other words used for securities fraud.
Environmental disaster
Environmental disaster class action cases are brought when a corporation triggers the release of a large spill or a harmful product that harms people and/or their property. Environmental lawsuit forms include:
- Oil spills
- Chemical Spills
- Pollution of water
- Toxic chemicals that a nearby factory releases
Anti-trust
Antitrust class action cases are brought by consumers who claim they have been compelled to pay more for a product because of antitrust violations. These forms of lawsuits would also contend that many firms manufacturing similar or identical goods or offering similar services worked together to increase and fix prices artificially, thus keeping customers from benefiting from the marketplace’s normal competitive existence. Antitrust cases have been brought against airlines, milk producers, bleach manufacturers, computer parts manufacturers, and some other companies for allegedly manipulating their products’ prices to avoid competition.
Disclaimer: We fund Mass Tort / MDL claims only when a plaintiff has received the following information: estimated point value of the claim and/ or an award letter outlining the gross settlement amount they are estimated to receive.
Ready to request funding?
Class action lawsuits are costly and can take a long time to pay out, leaving the firm burdened financially. Baker Street Funding has helped some of the nation’s top-class action firms stand high. Our products give you the financial security and support for an effective resolution to see your cases through. If you are a lawyer or a law firm representative, please contact us today for a thorough discussion to understand your options.