Business
Trial Lawyers
Trial Lawyers
Class Actions and Consumer Class Actions
National Representation for Consumers, Investors, Employees, and Businesses
When corporations, financial institutions, employers, or other powerful entities cause widespread harm, individual lawsuits are often not enough to create meaningful accountability. Class action litigation allows groups of individuals with similar claims to pursue justice collectively and efficiently.
At Loftus & Eisenberg, Ltd., our attorneys represent plaintiffs in complex class action lawsuits involving consumer fraud, securities violations, deceptive business practices, breach of fiduciary duty, employment disputes, and other large-scale misconduct. Based in Chicago, our firm handles sophisticated litigation in both state and federal courts nationwide.
What Is a Class Action Lawsuit?
A class action is a legal proceeding in which one or more plaintiffs file a lawsuit on behalf of a larger group of individuals or entities who suffered similar harm. Instead of requiring every affected person to file a separate lawsuit, class actions consolidate claims into a single action for greater efficiency and consistency.
Class actions are commonly used in cases involving:
- Securities and investment fraud
- Consumer fraud and deceptive practices
- Data breaches and privacy violations
- Wage and hour disputes
- Employment discrimination
- Defective products
- Breach of fiduciary duty
- Insurance disputes
- Financial misconduct and investor losses
Class action litigation helps level the playing field by allowing individuals and smaller entities to pursue claims against well-funded corporations and institutions.
Our Class Action Practice Areas
Securities and Investor Class Actions
Our attorneys represent investors harmed by alleged misrepresentations, omissions, market misconduct, and breaches of fiduciary duty. These matters often involve private placements, investment funds, corporate officers, financial advisors, and complex financial products.
We pursue claims involving:
- Securities fraud
- Negligent misrepresentation
- Investor deception
- Breach of fiduciary duty
- Ponzi schemes and fraudulent investments
- Illinois Securities Law violations
- Consumer fraud statutes
Consumer Protection Class Actions
Consumers are often subjected to unlawful fees, deceptive advertising, unfair business practices, and hidden contractual terms. We pursue litigation designed to hold corporations accountable and recover compensation for affected consumers.
Examples include:
- False advertising
- Hidden fees and charges
- Unfair subscription practices
- Deceptive marketing
- Consumer fraud
- Privacy violations
- Unlawful collection practices
Employment and Wage Class Actions
Employees may have claims when employers violate state or federal labor laws affecting groups of workers.
These cases may involve:
- Unpaid overtime
- Misclassification of employees
- Wage and hour violations
- Meal and rest break violations
- Discrimination and retaliation
- Failure to pay earned wages
Why Class Actions Matter
Class action lawsuits serve an important public function by:
- Providing access to justice for individuals with smaller claims
- Promoting corporate accountability
- Preventing inconsistent legal outcomes
- Conserving judicial resources
- Encouraging lawful business practices
Without class actions, many wrongful acts would go unchallenged because the cost of individual litigation would outweigh the potential recovery.
Experienced Complex Litigation Attorneys
Class action litigation requires extensive legal experience, financial resources, and strategic case management. At Loftus & Eisenberg, Ltd., we have experience handling complex litigation involving substantial financial losses, sophisticated legal issues, and high-stakes disputes.
Our attorneys work with financial experts, forensic analysts, industry professionals, and litigation consultants to build strong cases designed to withstand aggressive defense strategies.
We are committed to:
- Thorough factual investigation
- Strategic litigation planning
- Aggressive advocacy
- Clear client communication
- Efficient case management
Frequently Asked Questions About Class Actions
How do I know if I am part of a class action?
If a class action is certified by the court, potential class members are often notified through mail, email, publication, or online notice. Eligibility depends on whether your claim falls within the class definition approved by the court.
What does it mean when a class is certified?
Class certification is a court decision allowing a lawsuit to proceed on behalf of a larger group. Courts evaluate whether common legal and factual issues predominate and whether the named plaintiffs can adequately represent the class.
Do I have to pay upfront legal fees?
Most plaintiff-side class action cases are handled on a contingency fee basis, meaning attorneys’ fees are generally recovered only if there is a successful result.
Can I opt out of a class action?
In many cases, yes. Depending on the type of class action and the court’s order, individuals may have the right to exclude themselves and pursue separate claims independently.
Contact a Chicago Class Action Lawyer
If you believe you or your business suffered financial harm due to fraud, deceptive conduct, securities violations, or other widespread misconduct, contact Loftus & Eisenberg, Ltd. to discuss your potential claims.
Our firm represents plaintiffs in complex class action litigation in Illinois and across the United States.
Current and Recent Class Actions
- Federal class-action lawsuit in the Western District of Kentucky on behalf of more than 125 investors allegedly harmed by a $24 million real-estate Ponzi scheme. The complaint alleges that Lighthouse Estates LLC, Starpoint Holdings LLC, and three individual defendants misled investors through false representations tied to a 270-property portfolio spanning Kentucky and Indiana. The lawsuit also seeks the appointment of an equity receiver to protect investor interests and preserve assets. (2026)
- Federal class action in the Southern District of New York on behalf of investors in HASelect-Waterford LLC, alleging inflated valuations, excessive fees, and audit failures that left more than $54M in investor funds largely unreturned. The complaint asserts that fund managers artificially boosted asset values to collect millions in fees while investors’ capital eroded—an alleged breach of trust and fiduciary duty. (2026)
- Class action lawsuit in Cook County against Tandem Professional Employer Services and Vensure Employer Services on behalf of small businesses nationwide. The suit alleges that Tandem secretly kept IRS interest payments tied to delayed Employee Retention Credit (ERC) refunds instead of remitting those funds to the businesses entitled to receive them. According to the complaint, the defendants failed to disclose the policy or provide clients with an accounting, with an estimated $10 million to $100 million allegedly withheld from affected businesses.
Contact Us
If you believe you have been impacted by unfair or deceptive business practices, our team is here to help. We will review your situation and help you determine the best path forward.