BUSI 301 Liberty University -BUSI 301 - Week 2

BUSI 301 Liberty University -BUSI 301 - Week 2 Civil Litigation - correct answer a dispute resolution process of civil (noncriminal) cases in public courts of law. Dispute Resolution - correct answer A method of handling complaints outside the judicial process through a mediator appointed by the court Arbitration - correct answer settling a dispute by agreeing to accept the decision of an impartial outsider informal settlements/consent decrees - correct answer practical devices to cut across the procedures already outlined Class Action Lawsuit - correct answer Lawsuit in which a group of people with the same or similar injuries sue for damages that were caused by the same defendant. Class Action Lawsuit is Centered On - correct answer 1. illegal conduct such as discriminatory employment practices 2. involvement in an unlawful transaction such as consumer fraud 3. sale of a defective product such as a pharmaceutical drug or medical device. Mass Tort Action - correct answer class action lawsuit that involves a massive accident, such as a train derailment. Class Action Fairness Act of 2005 - correct answer - provides federal courts with authority to scrutinize procedures for the review of class action settlements - changes the rules for evaluating settlements - provides for more judicial oversight of coupon settlements