Mass Tort

Mass torts involve the civil action of numerous plaintiffs against selected or multiple corporate defendants. These civil grievances are resolved in state or federal courts. 

When are mass tort lawsuits used?

Depending on the severity of the lawsuit, a mass tort lawsuit will be used in the event of:

  • Extreme exposure to a toxic working environment involving harmful chemicals.
  • Sustained injury due to inappropriate medical equipment and defective devices.
  • Exposure and injury sustained due to harmful and illicit drugs.

What are Mass Tort claims?

Mass tort claims or lawsuits are used in a court of law to ensure the plaintiffs aren’t treated or ruled out as a single entity but considered as mass tort plaintiffs. 

In these cases, the court will decide on the necessary compensation each plaintiff will receive. The compensation will be based on the severity of their case and the damages they have succumbed to. 

What is the difference between a Mass Tort and Class Action Lawsuit? 

Although these two types of lawsuits may share some similarities, the proceedings are treated differently in court. 

  • Mass Tort Lawsuit: MDL assists a large group of people who have been directly affected by an individual corporate entity. A good example of MDL is the BP Oil Spill of April 2010. This ecological crisis led to injuring dozens and killing 11 individuals. 
  • Class Action Lawsuit: A group of individuals can file a class action lawsuit or claim. This will reduce the number of individual lawsuits or cases that will need to be filed and resolved. Court proceedings will decide on the final verdict based on substantial information gathered from the individuals who filed the lawsuit. 

Read more:

How helpful is this content?

Share this article:

Join a community of 350,000+ members

  • Gain access to unique offerings previously reserved for the ultra-wealthy

  • Customize your portfolio for income, growth, or a balance of both

  • Get started today and earn an average IRR of over 8%

What investors are saying about Yieldstreet

Apr 2022

The due diligence, risk management, and product education materials are thorough, excellent, and easy to use and understand.

Manoj J
Member since 2019
Apr 2022

Excellent and unique selections that I can't find elsewhere.

Jonathan S
Member since 2019
Apr 2022

The platform delivers in a very concise manner. Easy to get a clear understanding at a glance from the web or mobile app.

Tim S
Member since 2021
The testimonials presented on this page have been provided by actual investors in Yieldstreet funds without compensation. Yieldstreet has selected the testimonials, and certain testimonials have been edited to remove personally identifiable information and for brevity. Testimonials were not selected based on objective or random criteria, but rather were selected based on Yieldstreet's understanding of its relationship with the providers of the testimonials. The uncompensated testimonials presented here may not be representative of other investors' experiences, and there can be no guarantee that investors will experience future performance or success consistent with the testimonials presented.

The Yield

Our weekly podcast providing ideas about how to make money work for you and bring you closer to your dreams.

Since inception, over $2.5B has been invested on Yieldstreet

Join today for free to access alternative investment opportunities.