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Showing posts from January, 2021

WEEKLY LEGAL NUGGETS

THE RADIANT JUSTICE CHAMBERS, OBAFEMI AWOLOWO UNIVERSITY. LEGAL NUGGETS⚖️   COUNTERCLAIM  ¶ In a court of law, a party's claim is a counterclaim if the party asserts claims in response to that of the other party. For instance, If a plaintiff initiates a lawsuit and a defendant responds to the lawsuit with claims of his or her own against the plaintiff, the defendant’s claims are “counterclaims.”  ¶ Counterclaims are often brought within the same proceedings as the plaintiff's claims. This claim is filed against an opposing party after the original claim is filed. Most commonly it is filed by the defendant against the plaintiff.  ¶ The goal of counterclaims is to turn the table on the plaintiff by bringing up more issues in the case and demanding redress. In essence, a counterclaim is a claim made to rebut accusations against a party.  FROM THE DIRECTORATE OF LITIGATION AND RESEARCH.

WEEKLY LEGAL NUGGETS

THE RADIANT JUSTICE CHAMBERS, OBAFEMI AWOLOWO UNIVERSITY.   LEGAL NUGGETS⚖️ FORECLOSURE KEY TAKEAWAYS • Foreclosure is a legal process that allows lenders to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property. • The foreclosure process varies by state, but in general, lenders try to work with borrowers to get them caught up on payments and avoid foreclosure. • The average number of days for the foreclosure process is 673; however, the timeline varies greatly by state.   FROM THE OFFICE OF THE DIRECTOR OF LITIGATION AND RESEARCH.

WEEKLY LEGAL NUGGETS

THE RADIANT JUSTICE CHAMBERS, OBAFEMI AWOLOWO UNIVERSITY.   LEGAL NUGGETS⚖️  CLASS ACTION  ¶ In a class action, one person brings a claim on behalf of a wider group of people who have been affected in a similar way, or by the same conduct.  ¶ Class actions ordinarily involve a single plaintiff ( the ‘representative’). If the Court certifies the class action, this person becomes the class representative. As the lead plaintiff, this representative addresses the Court in the name of the other members that he or she represents.    ¶ Commonly, a lead plaintiff in exchange for their time and effort will receive a larger percentage of any potential settlement than the other plaintiffs.   ¶ One of the merits of class actions is that by pursuing a claim collectively, the value of the claim increases while the cost to each member reduces.    FROM THE OFFICE OF THE DIRECTOR OF LITIGATION AND RESEARCH.