Number of such lawsuits to increase or decrease

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Class action lawsuits allows numerous individuals to collective sue a large company. Typically the gains from such lawsuits are minimal but large numbers of people decide to sign up after a settlement is reached. If individuals were required to sign up for such lawsuits in advance of the settlement, would the payouts to differ? Would such a rule cause the number of such lawsuits to increase or decrease (and why)? What is the impact of such lawsuits on the prices that we are charged by manufacturers?

Reference no: EM131665775

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