Or at least we are starting to hear about them daily so it seems as if every major company in the country is being sued by consumers screaming foul play!
So what is a class action suit and why should you care?
According to our most favorite online reference resource Wikipedia, which we can not use in college classrooms across the country, a class action suit is described as:
A class action, class suit, or representative action is a lawsuit where a group of people in similar circumstances (a class) sues another party, usually consumers suing a large business. It is pleonastic to refer to a class action as a “class action suit”. Collective lawsuits originated in the United States and are still predominantly a U.S. phenomenon. But in several European countries with civil law, contrary to Anglo-American common law, changes have been made in recent years to allow consumer organizations to bring claims on behalf of consumers.
The reason why you should care of pay attention to them is that virtually everyone of your family members and friends has had a claim available through a class action suit and MOST of them have never claimed the money. To us that just adds to the lost money bucket.
Companies such as…. HSBC, Motorola, Apple, Sylvania, Volkswagen, Capital One, Bank of the West, Truvia, Electrolux, Chase, Red Bull, T-Mobile, Lenovo, Vendini, Flushmate, Bass Pro Outdoor World, Door Control, Big 5 Sporting Goods, U-Prosta and many more are current active class actions that are available for consumers affected to file their claim.
How can you make sure your claims are located? Well, complete a LostMoney.com Search Profile, select the option for Class Action Suits to be included and you will have one of the country’s premier consumer advocacy groups hard at work for you to help match you up with your available claims in the area of Case Action Suits.
For more information visit LostMoney.com.