The maker of that defective product may owe money to any person that has been harmed by the defective product. On the other hand, anyone that took place in distribution of the defective product might get asked to contribute towards the compensation, which will be granted to the injured victim.
What losses have to be compensated?
• The out-of-pocket expenses for medical bills and medical equipment
• The monetary value of the victim’s lost wages (money lost by business owner when he or she cannot direct employees)
• The victim’s pain and suffering
• Emotional distress suffered by injured party
What is a class action lawsuit, and why might the victim of a defective product elect to be part of a class action lawsuit?
Sometimes, a defect gets introduced into a whole line of products from the same manufacturer. Yet no one victim gets hit with tremendously high medical bills. By joining together, the plaintiffs in a class action lawsuit find it easier to fight the large company that made the defective product. Discussing your case with a personal injury lawyer in Milton is beneficial.
How does the legal system benefit by allowing plaintiffs to initiate a class action lawsuit?
The head of a large company will not get too worried, if he or she hears that one lone consumer plans to launch a product liability lawsuit. Suppose, however, the same person heard that a large group of consumers planned to demonstrate against a branch of the Justice Department.
In that case, the head of the company being sued would probably feel more threatened by the proposed lawsuit. Indeed, the past actions of other large companies have shown that the message sent to them has more weight, when it comes from a group that plans to launch a defective product liability lawsuit.
There are many types of matters that result in class action lawsuits which may be defined as:
• People that buy a defective product that may need repair or cannot be used
• Insurance policy holders that pay for a specific cover or service but that is withheld or not provided
• People that are injured or harmed due to deceptive business practices by any company
• People that become victims of fraud with the sale and purchase of securities and stocks
The class action lawsuit is brought on by lead class representative on the behalf of other victims. After the case is won, the lead class representative gets an incentive to helping get justice for others and taking on the responsibility for bringing the claim to court. The award to the plaintiffs is much higher than in other cases.