Making Things Right for All
Class Action Indianapolis
A class action is a powerful legal tool that allows many people with relatively small claims against the same defendant to pool their resources to bring legal charges against large entities, such as corporations. Pavlack Law is highly experienced in class action litigation for Indianapolis, Indiana clients, and will work diligently to see that justice is served. Class action lawsuits are generally appropriate when a corporation or insurance company has engaged in widespread, systematic abuses. Oftentimes these cases involve consumer fraud, bad faith insurance practices, dangerous or defective products, price-fixing or other antitrust violations, predatory lending, environmental disasters, or investment and securities fraud. To speak to someone regarding a class action case, contact our Indianapolis law firm today.
Types of Class Action Lawsuits
Consumer Fraud – Companies often cross the line of what is legal in an attempt to maximize their profits. This can come in the form of mildly deceptive sales or marketing practices to outright fraud. When a consumer is the victim of misleading practices or fraud, he or she is usually not alone. Companies often engage in systematic bending or breaking of the rules to reap massive profits. The damage to one consumer is often relatively small, but the collective impact can be huge. Victims of such nefarious practices may have claims for common law fraud, deception, unjust enrichment, violations of the Indiana Deceptive Consumer Sales Practices Act or similar state statutes, violations of the Fair Debt Collection Practices Act (FDCPA), the Telephone Consumer Protection Act (TCPA), and claims under federal consumer protection statutes.
Bad Faith Insurance Practices – Insurance companies profit when they collect more in premiums than they pay in claims – it’s that simple. In order to satisfy their stockholders and to stay profitable, they often devise ways to reduce payments for legitimate insurance claims. Oftentimes, these practices violate the insurance company’s legal duty of good faith and fair dealing with the customers. A class action lawsuit is the best way to combat an insurance company that engaged in bad faith practices on a wide-scale basis.
Price-fixing and Other Antitrust Violations – The cornerstone of our capitalistic economy is competition. Free and fair competition ensures quality, service, innovation, and fair pricing. Federal and state antitrust laws are designed to guarantee such competition is not diluted by cooperation or conspiracy among competing companies, or by a single company exercising monopoly power over a single product or service. When companies engage in price-fixing, bid-rigging, monopolistic pricing, or other anti-competitive activities, the victims of such practices have potent remedies under the law to recoup their losses and to punish the wrongdoers.
Predatory Lending – Our country’s economic meltdown was rooted in improper mortgage lending. As the number of economically suitable, legitimate mortgage loans failed to satisfy Wall Street investors who were eager to bet on securitized blocks of mortgage loans, banks began to provide increasingly risky loans. Brokers were incentivized to aggressively market and sell loans to people who couldn’t afford them, and to encourage lies on mortgage applications. Appraisers inflated home values as they collected handsome fees for appraisals containing fictitious values. And, investment banks profited immensely as they securitized these worthless loans and sold them as investment products that were doomed to fail. These grossly irresponsible lending practices left in their wake a decimated American economy and millions of homeowners with negative equity, foreclosed homes, and deficiency judgments. If you were the victim of such practices, you may have a class action claim for damages.
Environmental Disasters – It is surprisingly common for companies to cut corners in their duty to protect the environment in the communities where they operate. Toxic spills, contamination of water supplies, and discharge of toxic waste into the air are just a few ways that corporate citizens can poison their neighbors. The unfortunate victims of this pollution have valuable legal rights to remedy the harms they suffered, which are often enforced with a class action lawsuit.
Dangerous or Defective Products – When a company makes products that are dangerous, defective, or not fit for their intended purpose, they may be liable to consumers who have suffered injury as a result. Claims for breach of warranty under the Magnuson-Moss Warranty Act, or simple product liability claims, are a common means of redressing these harms. Such products include prescription drugs and medical devices along with a whole host of various other products.
Investment and Securities Fraud – Publicly-traded companies have strict legal duties to provide information to their stockholders and the public to allow them to decide whether to buy or sell the companies’ stock. When a company conceals material information from the public and stockholders, it may be liable under the Private Securities Litigation Reform Act (PSLRA) or other similar federal or state laws.
Learn More about Class Action Cases
If you have suffered losses due to potentially widespread or systematic corporate abuses, contact our Indianapolis law firm to discuss whether a class action lawsuit can help you and others obtain justice.