Examlex
What type of settlement allows a person with terminal illness to sell his or her life insurance policy before death and receive a percentage of its face value?
Class Action
A lawsuit filed by one or more plaintiffs on behalf of a larger group of people who are similarly affected by the same issue.
Representative Plaintiff
An individual in a class action lawsuit who represents the interests of the class members and whose experience typifies the grievances of the whole class.
Named Plaintiff
A named plaintiff is an individual who brings a lawsuit or is named in a legal action on behalf of a group in a class action lawsuit, representing the interests of the members of the class.
Lead Plaintiff
A representative party in a class-action lawsuit who has a significant interest in the outcome and leads the litigation process.
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