The prospect of a class action lawsuit is a scary thought for most financial institutions, one that conjures up horror stories of protracted litigation, astronomical legal bills and gigantic settlements. For most successful businesses, however, the question is not if, but when it will be the target of a class action. Remembering a few key tips can be the difference between potentially crippling liability, and an early and comparatively inexpensive victory.
1. Hire experienced class action lawyers
The importance of retaining counsel with experience defending class actions cannot be understated. Defeating certification is often the death knell for a class action and experienced class counsel can help frame the case so that the chances of certification are as slim as possible.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
