Phoenix Securities Fraud Class Actions Lawyer
A class action is a lawsuit that allows a large number of people with a common interest in a matter to sue or be sued as a group. Class actions deter businesses from committing fraud, using deceptive business practices or finding a way out of accountability by committing multiple violations that individually may be too small to warrant the expense and time of litigation. Class actions help individuals who have been wronged but cannot afford to take on a large institution by themselves to join with others against a powerful defendant. Class actions are brought frequently in the areas of securities and financial fraud.