In Class Action Lawsuits,interested Parties to the Lawsuit Are Not

question 125

Multiple Choice

In class action lawsuits,interested parties to the lawsuit are not required to pay attorney fees directly.This is an example of an attempt to do what

• A)increase attorney fees by charging a percentage of the final settlement
• B)reduce the incentive of attorneys to take on class action lawsuits
• C)reduce the transaction costs of finding a private solution to an externality
• D)regulate attorney fees in class action lawsuits

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Definitions:

Labour Relations Board

A government agency responsible for overseeing and enforcing labor laws and labor relations.

Mitigate Loss

Actions taken to minimize or reduce the adverse effects or damages resulting from a breach of contract or other wrongful acts.

Severance Pay

Compensation provided to an employee who is discharged from employment, typically based on the length of employment and the reason for termination.

Legal Action

A formal proceeding taken in a court of law to enforce or defend a legal right.