The class action permits a group of plaintiffs who have suffered a similar wrong to bring a single suit. The suit is controlled by the “lead plaintiff,” who acts as a fiduciary on behalf of the members of the class. The key ruling is the class certification order, when the Judge determines whether the case meets the multiple procedural requirements for proceeding as a class action.
Craig has acted as counsel in numerous nation and statewide class action lawsuits and has published articles on important developments in the field.
- Represented Fortune 500 insurance company in New York state court class action alleging fraudulent and deceptive marketing of child term riders.
- Successfully defeated class certification in nationwide action brought by funeral home directors against insurance company pertaining to the sale of pre-need burial insurance policies.
- Represented furniture manufacturer in nationwide class action pertaining to allegedly deceptive marketing materials.
- Represented numerous public companies in securities class action matters.
- “Impact of Federal Rule of Civil Procedure 23(f) on Securities Class Action Litigation,” Securities Litigation: Forms & Analysis.