Legal services - reasons why class action disputes are of concern for companies 2017

Published by Statista Research Department, Jul 6, 2022

This statistic depicts the leading reasons why companies worldwide are concerned about class action lawsuits in 2017. During the survey, 33 percent of respondents cited that class action lawsuits are a major concern for their company due to the financial exposure they create.

Leading reasons why class action disputes are of concern for companies worldwide in 2017

Characteristic	Share of respondents
Reputational risk	13%
Highest prevalence / volume	19%
Legal costs / expensive to defend	31%
Financial exposure	33%

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Release date

October 2017

More information

Region

Worldwide, United States

Survey time period

July to September 2017

Number of respondents

318 respondents

Special properties

corporate counsels

Method of interview

Telephone interviews and online survey

Supplementary notes

89 percent of respondents were based in the U.S.
Original question: 'For your top one or two concerns: why is that type of dispute a top concern?'
The source does not indicate why values do not total 100 percent.

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