One Example of Class Based Lobbying Resulted in the Class

question 13

True/False

One example of class based lobbying resulted in The Class Action Fairness Act whereby class action lawsuits were moved from state to courts to federal courts where the decisions tend to favor the plaintiffs.

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Definitions:

Debit Balance

The remaining amount in a financial account that appears on the left side of the account ledger, indicating assets or expenses.

Dividends In Arrears

Outstanding dividends on cumulative preferred stock that have not been paid by the designated payment date.

Cumulative Preferred Stock

A type of preferred stock that entitles shareholders to receive dividends in arrears before any dividends can be distributed to common stockholders.

Guaranteed Dividends

Dividends that are promised by a corporation to preferred shareholders, payable before any dividends are given to common shareholders.