Santa Cruz, Calif. (PRWEB) December 21, 2012
Online Legal Media today announced the launch of BigClassAction.com, their newest website aimed at providing current and valuable legal news and information to the general public. BigClassAction.com helps connect claimants with due compensation by delivering up-to-date information on class action investigations, pending class action lawsuits and settlement data for class action members.
Thousands of class action lawsuits are filed annually in the U.S., each affecting potentially thousands of people. Once the lawsuit is settled, a specified dollar amount is available to be split among class members and must be claimed within a limited time period. However, the compensation from these settlements may go unclaimed simply because people are not aware of the available funds and their rights to compensation. According to the Employee Rights Advocacy Institute, over $500 million dollars in class action settlement monies are unclaimed each year, while over $12 billion dollars are presently unclaimed from securities suits.
BigClassAction.com offers ease of tracking the lawsuit process online. While known class members may be notified of the pending legal action by mail, many class members are not reached due to name or address changes. In addition, readers of BigClassAction.com may identify other potential class actions in which they are members, or they may request an attorney review the merits of a case based on their experience and supporting documentation.
Class action lawsuits take place when a group of consumers are harmed or injured in a similar fashion. This differs from a mass tort whereby a large number of people may be injured but in different ways. Class action lawsuits generally fall into four main categories: consumer, securities, product liability and employment.
When complaints are filed against a particular company, or defendant, an attorney may track and review these complaints to determine if a large group, or class, shares similar injuries, circumstances and damages. If an attorney concludes that a group has been harmed, he identifies a class representative – an individual who believes he has been wronged, wants the offending practice to end, recognizes that others share the same type of injury and want to be compensated for it. Once the class representative has been selected, a class action lawsuit can proceed.
Although a class action lawsuit has been filed, it can be dismissed by the courts. When successful, the individual financial settlements might be minor, but the offending practice will have been stopped, thus preventing injury or harm to future consumers or employees. Unclaimed settlement dollars can be donated to a charity, by way of cy pres, held in unclaimed property for the individual claimant for a limited time, turned over to the state or returned to the defendant.
“BigClassAction.com brings together critical information for the general public, to educate them regarding the process of class action lawsuits, to inform them of pending legal actions which may affect them and to help them recover compensation if they are part of a settled class action lawsuit,” said Stephen King, CEO of Online Legal Media. “Online Legal Media is committed to delivering comprehensive legal news and critical information across all our sites, and providing readers the opportunity to have an attorney review their case for free. We will continue to identify key legal areas where we can be of service to both the public and attorneys.”
About Online Legal Media
Founded in 2001, Online Legal Media owns and operates websites providing information for the general public and the legal community. With over three million annual visitors, hundreds of thousands of requests for legal help from its readership and over 80,000 pages of content across its sites, Online Legal Media offers the most comprehensive legal news coverage on the web. LawyersandSettlements.com is an online legal news publication for people who face once-in-a-lifetime circumstances. OnlineLegalMarketing.com serves as a portal for trial attorneys to network and to market their firms to other attorneys and legal professionals. BigClassAction.com provides pending and settled class action updates. HealthEffectsOfAsbestos.com offers up-to-date resources and news for those suffering from asbestos exposure and mesothelioma. Online Legal Media is based in Santa Cruz, California.