Food for thought on class action lawsuits: Who is the real winner?

Are the lawsuits that cost companies millions of dollars each year successful, and do they really uncover losses for consumers?

It seems like there is always chatter about class action lawsuits from the most recent filing by people banning together to fight an injustice or a recent settlement for a group of plaintiffs who have won a prolonged fight against a company or product.  However, while the notion of a class-action lawsuit denotes a fight for the common good, triplepod.com recently posed the question, who is the real winner behind the suits? 

Are the lawsuits that cost companies millions of dollars each year successful, and do they really uncover losses for consumers? Naturally, the answer depends on whom an individual asks and often the intended result of such a lawsuit can be unclear, if not erroneous. 

Contributing Author

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Alexis Harrison

Alexis Harrison is a Connecticut-based writer and public relations professional whose career spans both print journalism and broadcast news. Alexis started her professional life as...

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