GITNUX MARKETDATA REPORT 2024
Class Action Lawsuit Participant Statistics
Class action lawsuit participants are usually a large group of individuals who have experienced harm or loss from a common issue and seek compensation through legal action.
In this post, we will explore the world of class action lawsuits from the perspective of participants. With statistics revealing key insights such as the prevalence of class action suits in civil litigation, the median settlement amounts, and the varying levels of participant engagement and success, we aim to provide a comprehensive overview of this legal landscape. Whether you are currently involved in a class action lawsuit or considering participation in one, understanding these statistics can offer valuable knowledge and insights into this complex legal process.
Statistic 1
"Class action lawsuits make up about 12% of all civil litigation in the United States."
Statistic 2
"Around 35% of class action participants actively monitor the progress of their case."
Statistic 3
"The median settlement for securities class action lawsuits was $11.3 million in 2018."
Statistic 4
"Class action lawsuits related to data breaches have surged, with a 59% increase year-over-year in 2020."
Statistic 5
"About one-third of approved settlements in class action lawsuits are claimed by participants."
Statistic 6
"Approximately 40% of class action lawsuit notifications result in the e-mails being ignored."
Statistic 7
"Employment class action settlements account for over $1 billion annually."
Statistic 8
"About 60% of class action lawsuits deal with product liability or personal injury."
Statistic 9
"Fees for attorneys in class action suits can take up to 33% of the awarded settlement."
Statistic 10
"Class action settlements in antitrust cases average about $30 million."
Statistic 11
"Approximately 20% of all class action lawsuits in the United States relate to wage and hour claims."
Statistic 12
"In 2020, consumer protection class action settlements totaled approximately $5 billion."
Statistic 13
"The number of class action lawsuits filed in 2020 increased by 65% over the previous five years."
Statistic 14
"Only around 25% of class action lawsuits reach a final settlement."
Statistic 15
"The average payout per participant in a class action lawsuit can range from $20 to $500."
Statistic 16
"Less than 10% of eligible participants claim their share in class action suits."
Statistic 17
"Very few class action lawsuit awards go to trial; around 2% are resolved by a jury."
Statistic 18
"The average length of time for a class action lawsuit to reach resolution is 2.5 to 3 years."
Statistic 19
"The opt-out rate for participants in class action lawsuits typically ranges between 0.1% and 20%."
Statistic 20
"The number of securities class action filings decreased by 22% in 2019 compared to the previous year."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
