Thursday, November 15, 2012

Class Action Lawsuits and Investment Fraud

A class action lawsuit is used when a large group of people have a common complaint, usually with a company or other large entity, and pursuing individual litigation would be financially unrealistic or repetitive. Some of the largest of all time have revolved around investment fraud, including suits against Enron, Nortel, and AOL Time Warner. In the case of a lawsuit, plaintiffs will have all suffered financial losses resulting from fraudulent investment practices.

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