Class action lawsuits make up an important part of the legal field, however, there are still many people who do not understand the way these types of lawsuits work. Increasing this understanding can provide a better comprehension of the many benefits that can come along with this type of legal action. In order to assist readers in this pursuit, we’ve compiled an overview on class action lawsuits below. Included in this work is information about the work of Juan Monteverde, a top attorney who regularly works with such lawsuits.
Professional Background
The work of Juan Monteverde primarily revolves around securities law and is conducted through his firm, Monteverde & Associates. The firm is a national class action law firm that focuses its efforts on serving clients who may have incurred financial loss as a result of corporate breaches of duty. This can sometimes include cases of misinformation or fraud that have led to financial damage. The firm’s passionate staff has helped earn it a reputation for committed and effective results and it maintains a successful track record at various levels of both trial and appellate courts including legal action before the U.S. Supreme Court.
The attorney himself is known as a top performer in his field, with both Super Lawyers and Martindale-Hubbell regularly listing him among the most effective attorneys in securities law. He attended St. Thomas University for his law degree where he not only excelled in his studies but also engaged in a range of extracurricular activities. These activities included serving as a staff editor for the law review and serving as President of the school’s official newspaper, Plead the 5th. In addition to these activities, he also worked as an associate at a local firm, gaining an introduction to a variety of issues in the field of law including commercial disputes and government investigations.
What Is A Class Action Lawsuit?
Now that we’ve taken a look at what a top practitioner in this area looks like, let’s further investigate the question of what a class action lawsuit really is. A class action lawsuit is a type of lawsuit which typically involves multiple plaintiffs vs a single defendant. This type of lawsuit is often used when several individuals may have incurred similar damages as a result of the defendant’s actions. Oftentimes, the defendant in such a situation is a company who has potentially harmed customers, shareholders, or some other third party.
Class action lawsuits are commonly undertaken when the potential damages to a single individual are small but the aggregate damages may total a much larger number. In such a case, it may not make sense for a single individual to hire representation for just themselves since, even in success, the amount awarded may not justify the cost of the action. However, when a group of plaintiffs band together and join in a class action lawsuit, there is often a greater ability to collectively bring legal action. This means that potential improper actions taken by a company or other entity can sometimes be best handled through a class action lawsuit, rather than some other type of suit.
Access To Opportunity
As can be seen above, in many ways, the use of a class action lawsuit brings greater access to opportunity for individuals to pursue justice. That’s because the collective power of a group of plaintiffs can be leveraged to hire representation and pursue a lawsuit through the sometimes long process of moving through the courts. It also allows plaintiffs to be more passively involved in a legal action than might otherwise be required were they to take on such an action on their own. Many plaintiffs in a class action suit will simply sign on to the suit and then be notified of the outcome when legal proceedings have concluded.
There can also sometimes be a financial benefit to plaintiffs in the form of a higher likelihood that awarded damages will actually be recovered. If multiple plaintiffs were to engage in separate lawsuits against a single entity, it may sometimes be the case that only earlier cases will actually see their damages awarded. Later suits brought against the entity may find that it has gone bankrupt and that it is unable to pay the damages for which it may be responsible. Since a class action lawsuit involves a group of plaintiffs all acting at the same time, there may be a higher chance that any potential financial award will, in fact, be paid out as expected.
Experienced Representation
Another way in which class action lawsuits may be of benefit to plaintiffs is they may often be taken on by more experienced lawyers than other types of suits. This can be due to the complexity of such lawsuits. With such a large number of plaintiffs, and potentially convoluted infractions, a class action lawsuit may necessitate thousands of pages of documentation and large amounts of time in order to develop a case. With this level of complexity, an experienced attorney may be more willing to pursue such a case and may ultimately be more likely to obtain successful results for their clients.
This, again, is one of the reasons why examining the career of Juan Monteverde can be helpful in understanding class action lawsuits. With his firm understanding of securities law, especially as it relates to mergers and instances of executive compensation, he has repeatedly been recognized as a professional who can navigate the sometimes difficult process of class action lawsuits on behalf of his clients. Not only can this increase the potential for a positive outcome, it also helps unburden the legal system from the many smaller lawsuits that may crop up without the existence of an effective means for engaging in class action lawsuits.
Though class action lawsuits are an important part of the legal field and many individuals may have heard of them, an in-depth understanding of these legal actions is sometimes missing amongst the general population. By reading the above introduction to class action lawsuits and information on the career of Juan Monteverde, individuals may find an increased appreciation for how these legal actions are carried out. Look for additional information on the field to increase that appreciation and better understand how these types of lawsuits may be of use in your own life.
