MLchartDataset catalogue

Class action

Term · Insurance and risk management · MLC-T-INS-000776

A lawsuit filed by one or more individuals on behalf of a larger group of people who have suffered similar harm from the same defendant. The court must certify the class, determining that common questions of law or fact predominate over individual issues. All members of the certified class are bound by the judgment, whether favorable or unfavorable.

Table 1. Record
IdentifierMLC-T-INS-000776
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000776",
  "term": "Class action",
  "field": "Insurance and risk management",
  "definition": "A lawsuit filed by one or more individuals on behalf of a larger group of people who have suffered similar harm from the same defendant. The court must certify the class, determining that common questions of law or fact predominate over individual issues. All members of the certified class are bound by the judgment, whether favorable or unfavorable.",
  "url": "https://mlchart.com/terminology/insurance/class-action/"
}

Record 553 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.