Replies to post #114516 on TAP Real Estate Technologies Inc (RWAX)

[OMOLIVES]

It's a class action. Here's a really simple yet qualitive read .... https://www.classaction.org/learn/how-lawsuits-work

The lead or named plaintiff(s)

This is the person (or persons) filing the suit. His or her name will appear on the complaint, which is the legal document that starts a lawsuit. (For instance, in a lawsuit styled Katz v. Live Nation, Katz is the name of the lead plaintiff.)

The class members

While the lead plaintiff is the one filing the lawsuit, there may be hundreds or thousands of people whose legal rights are affected by the suit and its allegations. These people are known as class members. Class members will be covered by any settlement or judgment that results from the lawsuit. Because class members are not the ones filing the lawsuit, it is likely that they may not be aware of the suit until they receive a class action notice in the mail.

The defendant

This is the company or person being sued.