The Hoffman Law Group, P.A. Answers Frequently Asked Question's About Multi-Plaintiff Litigation
What is Multi-Plaintiff Litigation?
Multi-plaintiff litigation can be a good solution when multiple plaintiffs have similar legal issues against the same defendant. A legal team will group the plaintiffs’ cases together into one lawsuit. Grouping plaintiffs cases increases cost-effectiveness and efficiency. It also keeps the court from having to hear the same set of facts and decide identical cases multiple times.
What are the Main Advantages of Multi Plaintiff Litigation?
The main advantage to plaintiffs is that they share the legal costs with a large group. When you participate in a multi-plaintiff lawsuit, you can hire a top-quality law firm at a tiny fraction of the fees. You also enjoy strength in numbers. A large group of plaintiffs is much more intimidating to a big company than one individual customer would be.
What Kinds of Cases Are They?
Usually, multiple plaintiff cases are brought against large companies, often employers or mortgage lenders. In the case of lender lawsuits, the issues typically involve mortgage lenders acting unfairly and fraudulently in foreclosing on homes, issuing loans with fraudulent or undisclosed terms, refusing to negotiate loan modifications or reneging on loan modification agreements.
What Happens in a Multiple Plaintiff Lawsuit?
When putting together a multi-plaintiff lawsuit, the legal team will put together group of plaintiffs with similar claims against a particular lender, collect documentation to support their case and work to obtain a settlement from the defendants.
Do I Get My Own Settlement?
A great feature of multi-plaintiff litigation is that, while the complaints are combined into one case, the settlements are individually determined. Unlike in a class action suit, where the plaintiffs share a single judgment after the attorneys take their fees, the plaintiffs in a multi-plaintiff lawsuit receive separate awards based on the facts of their individual cases.
What Awards Could I Receive?
In a successful multi-plaintiff mortgage lawsuit, you can receive a lowered principal amount, a lower interest rate or a lower monthly payment. You can have your credit report repaired and even have your mortgage forgiven. In some cases, you could also receive an award of cash damages.
What are the First Steps?
If you think you may have been the victim of predatory, fraudulent or unfair lending practices, you may have the grounds to become part of a multi-plaintiff litigation. Turn to the experienced attorneys of The Hoffman Law Group, P.A. for expert advice and careful guidance through the multi-plaintiff litigation process.
Multi-plaintiff litigation can be a good solution when multiple plaintiffs have similar legal issues against the same defendant. A legal team will group the plaintiffs’ cases together into one lawsuit. Grouping plaintiffs cases increases cost-effectiveness and efficiency. It also keeps the court from having to hear the same set of facts and decide identical cases multiple times.
What are the Main Advantages of Multi Plaintiff Litigation?
The main advantage to plaintiffs is that they share the legal costs with a large group. When you participate in a multi-plaintiff lawsuit, you can hire a top-quality law firm at a tiny fraction of the fees. You also enjoy strength in numbers. A large group of plaintiffs is much more intimidating to a big company than one individual customer would be.
What Kinds of Cases Are They?
Usually, multiple plaintiff cases are brought against large companies, often employers or mortgage lenders. In the case of lender lawsuits, the issues typically involve mortgage lenders acting unfairly and fraudulently in foreclosing on homes, issuing loans with fraudulent or undisclosed terms, refusing to negotiate loan modifications or reneging on loan modification agreements.
What Happens in a Multiple Plaintiff Lawsuit?
When putting together a multi-plaintiff lawsuit, the legal team will put together group of plaintiffs with similar claims against a particular lender, collect documentation to support their case and work to obtain a settlement from the defendants.
Do I Get My Own Settlement?
A great feature of multi-plaintiff litigation is that, while the complaints are combined into one case, the settlements are individually determined. Unlike in a class action suit, where the plaintiffs share a single judgment after the attorneys take their fees, the plaintiffs in a multi-plaintiff lawsuit receive separate awards based on the facts of their individual cases.
What Awards Could I Receive?
In a successful multi-plaintiff mortgage lawsuit, you can receive a lowered principal amount, a lower interest rate or a lower monthly payment. You can have your credit report repaired and even have your mortgage forgiven. In some cases, you could also receive an award of cash damages.
What are the First Steps?
If you think you may have been the victim of predatory, fraudulent or unfair lending practices, you may have the grounds to become part of a multi-plaintiff litigation. Turn to the experienced attorneys of The Hoffman Law Group, P.A. for expert advice and careful guidance through the multi-plaintiff litigation process.