What Happens If You Are Given a Class Action Lawsuit?
The Sallie Mae Class Action Lawsuit is one of the most exciting and unique new lawsuits filed in the last five years. This lawsuit is seeking monetary compensation for those who have been injured as a result of the negligent acts of lending institutions of the Sallie Mae organization. The plaintiffs are asking for claims for lost wages, medical bills, and even pain and suffering. There has been a great deal of media coverage on this lawsuit and the attorneys are optimistic that they will be able to settle the case out of court with some amount of success.
Class action cases are designed so that there is a “class” of people filing the lawsuit.
In this case, some plaintiffs have filed suits against Bank Of America, Wells Fargo, and Countrywide. The lawyers believe that there may be many more class members who have yet to file suit. In this case, the attorneys are attempting to sue on behalf of all those who were or are currently suffering financial hardships as a result of these companies’ actions. Although this can be a great way to get financial help, these claims will not necessarily hold up in court. The settlement amounts will be large and winning such a lawsuit is very challenging.
If you are interested in filing a claim for Sallie Mae, you will need an attorney. An attorney will help to protect your rights and obtain the best possible settlements. A qualified attorney will know how to create a competent claim for the class members. The claim must include all of the pertinent and essential information relating to the injury or loss. There must also be adequate evidence of the negligence of the defendant.
Because these are high-profile cases, you will want to retain an attorney with a good reputation. Numerous attorneys are practicing in the Sallie Mae industry. Make sure that you do not go with the first one that you meet with. Always investigate an attorney’s background and references. Check to see if he or she has filed any personal injury lawsuits, and ask how many he or she has won.
Once you have selected an attorney, you will need to determine how much money you wish to seek.
The amount of money you can seek will vary according to the severity of your injuries. Some plaintiffs receive minor settlements; others receive major awards. (It should be noted that even the largest awards can only go so far in compensating a victim.) You can contact a certified financial planner or a law firm to assist you in determining how much money you should seek from your Sallie Mae Class Action Lawsuit.
Once you have decided on a reasonable settlement amount, you must find the right attorney. Your attorney should have handled other Sallie Mae cases similar to yours in the past. He or she will be familiar with the legal process involved in filing the claim and will ensure that your claim is filed properly and you receive the maximum compensation.
During the initial consultation, your attorney will assess the strength of your case.
If you do not have the funds to hire an attorney, you will be able to submit a claim for Sallie Mae’s benefits directly to the company. (Should your attorney determine your case to be a strong one, he or she may file it personally for a fee.) However, should your case be weak, the settlement money offered will be reduced. Therefore, be very sure of what your case is worth before settling for anything less than you are entitled to.
After receiving your Sallie Mae Class Action lawsuit notice, it is important to act quickly. The statute of limitations can run out in as little as ninety days. Therefore, if you discover a condition that results in a debilitating condition for at least six months, you should act immediately. It is better to take action sooner rather than later if you wish to receive full compensation for your pain and suffering.
