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.
Should you join a class action lawsuit?
You might consider becoming part of a class action lawsuit. Class actions are a useful means of achieving justice in situations where: Many people have been harmed, but each individual legal claim is a small one, and it would not make sense to incur the cost of litigation.
What happens if a class action suit ends up being ineffective?
If a class action suit ends up being ineffective, the Class Members have no other method of pursuing compensation. When they join a class action, individual Class Members lose the right to bring their own individual lawsuits against the defendant over the same issue.
What are the pros and cons of a class-action lawsuit?
Here are a few major pros and cons of a class-action lawsuit. One of the significant advantages is that since there are many people filing a lawsuit together, there is a major support system for each of them.