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It was the largest award in an individual lawsuit against a tobacco company.
Most of the time, any individual trader's losses from the fraud are too small to make an individual lawsuit worthwhile.
The individual lawsuit from Nicole Bolden follows a series of like-minded class actions filed by ArchCity Defenders against more than a dozen neighboring places.
While that's often riches to them, it's not enough money to make an individual lawsuit worthwhile or to entice a lawyer to take the case on.
For example, if class certification later were denied, a member of the putative class nevertheless should be able to proceed – even if that individual lawsuit was filed after the limitations period had expired and new claims otherwise would be barred.
CalPERS had filed an individual lawsuit in the Northern District of California, but that lawsuit was consolidated with all of the other Lehman cases in New York for pre-trial purposes before the class action was settled.
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The settlement does allow for plaintiffs to "opt out" and file individual lawsuits.
About 7,000 individual lawsuits have been filed by former users claiming such valve damage.
In the past, individual lawsuits by minority workers were settled out of court.
"It is too profitable a business to be affected by individual lawsuits".
Luxembourg's commercial court said that investors could not bring individual lawsuits for damages.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com