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Technology Stocks : Allen-Vanguard Rescue Board

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From: Cinsco9/18/2009 1:12:03 PM
2 Recommendations  Read Replies (2) of 724
 
Again from Siskinds Law firm website. Please contact them now!!!

FAQs (frequently asked questions)

What is a class action?
A class action is a lawsuit, which provides a means for a large group of people with common legal issues to join together and participate in one large action. Class actions are a relatively efficient and cost-effective way for groups of people with common legal issues to gain access to the legal system and seek justice.

What does certification mean?
In order for an action to proceed as a class action, the court must determine whether it is appropriate for the case to be treated as a class action. One of the factors under consideration by the courts is whether the people in the class really do have common issues or simply related ones. The analysis of whether a class should be certified as a class takes place at a certification hearing and is decided by a judge.

Do I pay to be a member of a class action?
Generally, Siskinds does not charge a legal fee unless the class action is successful.

Who decides how much the lawyers get paid?
Lawyer fee awards are subject to court review and approval.

How long does a class action usually take to get resolved?
Since class actions are usually brought against large corporations and involve complex legal issues, they can take years to settle. Fortunately, class members have very few responsibilities while a claim is ongoing and they are free to move on with their lives.

Can I opt out of a class action and pursue independent legal action?
Yes. When a Class Action is certified, class members are always given an opportunity to opt-out of the action. A deadline is imposed for opting out. If you do not opt-out by the given deadline, you are deemed to be a class member.
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