Posted by Unfortunately for the plaintiffs in today’s class-action lawsuit against Sprint, even their most accurate claims will not be able to use the prior settlement as an effective ground for future compensation. Court records show that Sprint settled the class action lawsuit only to avoid long and expensive litigation.
Now that the class action lawsuit is settled, it is believed that Sprint will never again pursue a class action lawsuit. However, the plaintiffs will only recoup much less than what they would if they pursued their lawsuits in court.
Class Action Lawsuit Against Sprint
Class-action lawsuits are generally brought by individual plaintiffs who are either employees of a company or its stockholders. The case is generally managed by an attorney who handles securities-based litigations. Although a corporate attorney may represent investors in a securities-based lawsuit, the class-action nature of the lawsuit requires that this lawyer is specialized in securities-based law.
Attorneys who lack experience representing plaintiffs who represent both employers and employees may not have the appropriate knowledge to enable them to correctly represent the interests of the class of plaintiffs.
It is extremely important that the plaintiff’s attorney is experienced in securities-based litigation because the outcome of such a lawsuit can have far-reaching and long-lasting effects on the financial markets and the profitability of corporations.
One of the major benefits of seeking class-action status is the potential future recovery for each class member.
Under the terms of the Class Action lawsuit clause, if the defendant does not admit or deny the claims in the complaint, then the plaintiff is then eligible to recover all legally-tangible assets of the defendant that are directly related to the date of signing of the agreement or contract. If such future recovery is obtained, the lead plaintiff will then be able to pay off his or her debts, including those of the lead plaintiff and any class members who signed the lawsuit.
In many instances, this may amount to all of a company’s profits. For the companies that do not profit from their contracts with purchasers of their products or services, it is likely that they will settle with the lead plaintiff in a putative liquidation proceeding.
When you seek a putative class-action status, you do not become a member of the putative class immediately.
In order to join the lawsuit, you must first agree to do so on the basis of your individual circumstances. If your legal expenses exceed the value of the assets you are attempting to secure, then you will be unable to join the lawsuit as a lead plaintiff.
The decision whether or not to file a lawsuit is always a personal one and is not based on the decision of any other individual person. Pursuing a putative lawsuit against Sprint requires that you also take into account whether you can join a future lawsuit based upon your individual circumstances.
In April of 2021, the lead plaintiff filed suit against Sprint; the suit names Sprint Corp., Its officers, its directors, and various entities and individuals.
According to the complaint, the defendants failed to disclose material facts and statements in their advertisements about their product lines. The plaintiffs claim that the defendants were aware of the risks inherent in their product lines, yet chose to advertise them anyway, despite the risk.
This class action lawsuit against Sprint seeks to hold the defendants individually accountable for their deceptive acts. The suit further claims that Sprint engaged in numerous deceptive acts, including false and misleading statements, violations of FDCPA, violations of its duties under the Lanham Act, and violations of New York state law.
On April 14th, the defendants filed an Answer to the complaint, denying all claims in the complaint.
On May 4th, the plaintiff filed an Answer to the defendant’s Answer. Pursuant to the Answer, Sprint admitted that it did not provide subscribers with free lines of credit; however, it declined to admit liability in the aforementioned actions.
In light of this admission, and without admitting liability, the plaintiff is left with her lawsuit, which seeks to recover damages for its subscribers, including herself and prospective clients. The case is expected to be heard on July 7th, before the scheduled start date of the trial.