A collection of people with the same injury or legal claim which are joined together as one class in order to sue a common defendant, usually a company or organization, in a single action. This consolidation of a case with practically the same issues and defendant makes more efficient use of the legal system. Typically cases will include discrimination by a company or … [Read more...] about CLASS ACTION
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CLAWBACK
The repayment to a creditor or a rights holder of money that should not have been transferred, e.g. money transferred pursuant to a contract with a third party creditor just before declaring bankruptcy. The money transferred pursuant to this type of preferential transfer may be clawed back. … [Read more...] about CLAWBACK
CLASS ACTION SETTLEMENT
Settlement of a class action suit, which are usually in the form a very large payout divided among the members of the class. … [Read more...] about CLASS ACTION SETTLEMENT
CLAYTON ACT
Amended provisions of the Sherman Antitrust Act of 1890 in 1914. It prohitibits price discrimination and exclusive-dealing agreements and other mergers which are anti-competitive and near monopoly practices. … [Read more...] about CLAYTON ACT
CLASSIARIUS
A seaman or soldier serving at sea. … [Read more...] about CLASSIARIUS