Class action extraction ?
نویسندگان
چکیده
Class action lawsuits as a vehicle of rent extraction is developed as an extension of political/legislative rent extraction theory. An event study is performed on thirty firms in which a securities class action lawsuit is filed and subsequently resolved by retraction, settlement, or legal verdict. The data set is found to be consistent with rent having been extracted as a result of the class action lawsuit.
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دعوای گروهی و تأثیر آن بر حمایت از حقوق مصرفکننده
Class action is a legal procedure of a considerable group of people to take joint actions against a single defendant. In this form of action, one or more people representing while also being a member of a class, take an action for themselves and on behalf of others, regarding a common claim among the members of the class. Although the members of the class have no active role in the ju...
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