Class Action Lawsuit Changes
Friday, March 28th, 2008Class action changes are working most of the time:
Sick of legal actions resulting in giant settlements that brought little benefit to those supposedly wronged but that saw lawyers reap huge fees, Congress cracked down on class action lawsuits in 2005. The Class Action Fairness Act (CAFA) moved most class action suits out of state courts, which often had far more lax rules governing class actions, and put them in the jurisdiction of much stricter federal courts. The act has generally been heralded as a huge success for reducing questionable claims and nuisance suits that were often cheaper for a company to settle than allow to go to trial. Read more class action lawsuits news
