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Class Action › Compensatory Damages › Damages

A class action is a type of legal action where a representative individual or group of individuals can bring a claim on behalf of a larger group or class who share a common legal interest.
Ervin Cohen & Jessup LLP

Courts surprisingly affirm insurance coverage to defend against economic loss

Ervin Cohen & Jessup LLP on

For parties facing class action lawsuits, where the class seeks to recover for economic losses, there may still be opportunities for insurance coverage. Thus, where economic losses arise out of the purchase of products that...more

BakerHostetler

IRS Reporting Requirements for Class Action Settlement Payments and Court Awarded Damages

BakerHostetler on

When finalizing class action settlements, or paying damage awards after a class action judgment, it is important to be mindful of the taxation of these payments and the related IRS information reporting requirements triggered...more

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