QUESTION
Can I open a company have a lawyer join as a partner to initiate a class action suite?
Asked on Oct 28th, 2016 on Litigation - New Jersey
More details to this question:
I know legally if I tell a lawyer about a class action suite, I cannot get any sort of monetary reward besides a small finders fee from a successful suite. Question is if I open up a company and initiate the lawsuit through my new company, then I can legally make whatever profits divided amongst the shareholders correct?
1 ANSWER
2 Awards
The proceeds of a class action suit go to the attorneys, and the members of the "class" in accordance with their respresentation. You can't start a class action suit and limit the members of the class to the shareholders of a company. If that's the class, you just bring a litigation inthe name of the company.
Answered on Oct 29th, 2016 at 6:17 PM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship