How do I start a class action lawsuit in Colorado?
1.1 How does this type of lawsuit get started? Any potential injured party, or plaintiff, can initiate a class action in Colorado. He or she must first file a lawsuit and then move for certification of the class. The court will then decide whether to approve the class based on certain criteria.
How much does an attorney cost in Colorado?
between $128 and $507 per hour
The typical lawyer in Colorado charges between $128 and $507 per hour. Costs vary depending on the type of lawyer, so review our lawyer rates table to find out the average cost to hire an attorney in Colorado.
What is a disadvantage of a class action lawsuit?
The disadvantages of a class action include: Lack of control – Only the representative parties have decision-making power to settle and to make other important decisions regarding the lawsuit.
What are the risks of joining a class action lawsuit?
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.
Is there any risk to joining a class action lawsuit?
The risk of a class-action lawsuit is that if you lose, you will not receive any compensation for your injuries. If you win, however, you will receive a financial or other non-monetary award.
Is a class action lawsuit better than single party suits?
A class action also gives consistent relief to all plaintiffs, while in private actions the defendant could win against one plaintiff and lose against another. Most class action lawsuits settle, but the time it takes to settle them varies widely, just as it does in private lawsuits.
What is the biggest class action lawsuit?
1) Big Tobacco: $206 Billion (1998) The agreement, which remains the largest class-action settlement in U.S. history, required tobacco companies to pay out more than $206 billion to the included states over 25 years, plus another $9 billion per year in perpetuity.