A class action lawsuit is a lawsuit that has as its plaintiffs a collection of individuals or entities who have come into common financial agreements under the umbrella of one lawsuit. In these agreements, the members pay into a common pool, or pot, and agree to divide their monies among themselves as a means of dividing liability. In some instances, these agreements result in a larger pool of money than would be raised individually, and this money is divided up between the members of the agreement in order to be divided amongst them. However, in other instances, these agreements result in little to no individual monetary contributions being split among the members of the agreement. Therefore, it is essential that all plaintiffs for a class action lawsuit understand how many plaintiffs will be able to receive monetary compensation, because they will only receive a percentage of the total amount of money brought into the pool as a result of a class action lawsuit.
To receive a percentage of the money brought into the pot, all plaintiffs must sign and agree to the class action lawsuit.
There is no way that the individual plaintiffs can negotiate their own contracts as they are bound by the class action lawsuit to always give up their right to sue or ask for damages if no money is contributed to the pot. Therefore, the question of how many plaintiffs for a class action lawsuit are there? is easily answered. NONE!
Therefore, the only way for these plaintiffs to receive any money is to join the class action lawsuit as a plaintiff.
This is a requirement to joining this lawsuit, and is an unfair practice that have no place in the lawsuit. Also, many companies and/or attorneys have a preference that only certain types of cases will be class action lawsuit and other types of cases will not be a class action lawsuit. Therefore, if your case falls under any of those categories, then you will not be able to join as a plaintiff.
The other thing to consider is how many plaintiffs for a class action lawsuit are there?
One person signing on is one person, that is how many there are. Now, if one person joins and all of the plaintiffs’ sign on as a plaintiff, then that person will be considered to be a class member. Therefore, how many plaintiffs are there? Is it a number that anyone can comfortably guess?
If that is the case, then the question of how many cases this company has should be asked.
If the answer is one or two, then there is no problem. If the answer is three, then there is a problem. The company may be dealing with a large number of fraudulent cases, which is another possible reason for the low numbers. However, the low number is probably due to the fact that the company cannot afford to hire as many attorneys as it would like to for the cases it represents. The attorneys cost money and this is a very serious business.
In closing, there are many variables that go into answering how many plaintiffs for a class action lawsuit are there.
These variables include how many attorneys the company needs to represent plaintiffs, how many plaintiffs actually join the lawsuit, how many plaintiffs are actual class members, and how many actual plaintiffs actually receive money from the lawsuit. In a nutshell, the answer to the question how many plaintiffs for a class action lawsuit are there is not a definite number. It is something that has to be estimated. And in most cases, it will be close to zero, meaning that there are definitely not enough plaintiffs to go around.