Top Class Actions | Hennessey Digital (2024)

FAQs

Is top class action legit? ›

Top Class Actions is a national resource for class action lawsuits and legal news. This legal industry niche is notoriously competitive for high-dollar class action cases and settlements.

The Ultimate Resource for Class Action Lawsuits. Every day, innocent people are hurt, both physically and financially, due to the negligence and deceptive business practices of corporations and large institutions. Here at ClassAction.org, we give victims the tools they need to fight back: knowledge and access.

Your recovery could be a couple of hundred dollars, tens of thousands, or more or less. By responding to court notices about opting out of a class action claim or notices about objecting to a proposed settlement, you could help secure a larger settlement for yourself and the entire class.

A class-action lawsuit settlement is the proceeds that are received from winning a class-action lawsuit. It is the monetary benefit paid out to the individuals that make up the class-action lawsuit.

Considering joining a class action lawsuit? While it can empower you in seeking justice, be aware of potential drawbacks like legal uncertainties, loss of personal control, lower individual compensation, and the often lengthy legal proceedings.

Class action lawsuits typically involve high-profile defendants facing a multitude of plaintiffs claiming injury. Even though these lawsuits sometimes settle for millions of dollars, a plaintiff's payout will depend on several factors, including: How many lead plaintiffs are involved. The number of injured plaintiffs.

Your Not Joining Is Someone Else's Gain

As few as 5% of eligible members come forward in class action lawsuits. This is significant because class members usually win a percentage of a settlement fund, which is divided by the number of claimants. The fewer claimants there are, the more money each claimant receives.

If you do nothing, you will be bound by any settlement or decision in the lawsuit.

People have mixed feelings about class-action suits, and whether you cash class-action refund checks is up to you. Generally, if you get one, you probably paid a lot more in wrongful fees than you're getting back in the settlement. If you don't cash the check, the money may go back to the company.

The general rule regarding taxability of amounts received from settlement of lawsuits and other legal remedies is Internal Revenue Code (IRC) Section 61. This section states all income is taxable from whatever source derived, unless exempted by another section of the code.

Why are class action lawsuit payouts so small? ›

Some Class Members Only Receive a Nominal Amount

These are people who didn't suffer any serious injuries or evidence supporting their claim, like receipts for the dangerous product or medication. These class members would only receive nominal damages. Sometimes, their share of the settlement proceeds is less than $10.

Tobacco Settlement at $206 Billion

The largest-ever class action settlement was agreed upon in 1998 by Philip Morris, RJ Reynolds, and two other tobacco companies. Paid out annually over 25 years, the settlement covered the medical costs for smoking-related injuries for individuals in 46 US states.

Top Class Actions was established in 2008 when founder Scott Hardy saw a need to consolidate and clarify Class Action News in a consumer-friendly and organized way.

And since class action cases may take years, even to obtain a court-approved settlement, “sometimes it's easier to settle an individual case than the entire case,” Feldman says. However, if an eligible member does not plan on filing an independent lawsuit, there's no obvious downside to being a member, he says.

Tobacco Settlement at $206 Billion

The largest-ever class action settlement was agreed upon in 1998 by Philip Morris, RJ Reynolds, and two other tobacco companies. Paid out annually over 25 years, the settlement covered the medical costs for smoking-related injuries for individuals in 46 US states.