covered class action
(B)The term “covered class action” means— (i)any single lawsuit in which— (I)damages are sought on behalf of more than 50 persons or prospective class members, and questions of law or fact common to those persons or members of the prospective class, without reference to issues of individualized reliance on an alleged misstatement or omission, predominate over any questions affecting only individual persons or members; or (II)one or more named parties seek to recover damages on a representative basis on behalf of themselves and other unnamed parties similarly situated, and questions of law or fact common to those persons or members of the prospective class predominate over any questions affecting only individual persons or members; or (ii)any group of lawsuits filed in or pending in the same court and involving common questions of law or fact, in which— (I)damages are sought on behalf of more than 50 persons; and (II)the lawsuits are joined, consolidated, or otherwise proceed as a single action for any purpose.