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Class Action Fairness Act in Senate Week of June 21st.


WASHINGTON Washington, town, England
Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area.
 -- The U.S. Senate is expected to take up the Class Action Fairness Act (S. 2062) as soon as it finishes the Department of Defense Reauthorization Bill during the week of June June: see month.  21st.

The Class Action Fairness Act, which was first introduced in 1998, is aimed at curbing class action lawsuit class action lawsuit

A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax
 abuses in state courts that result from rampant venue shopping of large national class action lawsuits in a few select jurisdictions around the country. Most of the abuse involves state court-approved settlements of national class action lawsuits that provide coupons or something else of little or no value for the class members and huge legal fees for the attorneys.

Last November November: see month. , a bipartisan group of Senators negotiated a compromise that ensures that truly local class action lawsuits remain in state courts and that legal fees in coupon settlements be determined as a percentage of the actual coupons redeemed re·deem  
tr.v. re·deemed, re·deem·ing, re·deems
1. To recover ownership of by paying a specified sum.

2. To pay off (a promissory note, for example).

3.
 or the number of hours the lawyers worked. As a result of that compromise, 62 Senators have indicated support for the legislation. Eighty-eight newspaper editorials have been written in support of the Class Action Fairness Act, including four from the Washington Post.

The class action legislation DOES NOT limit anyone's right to sue in a class action lawsuit and DOES NOT include any caps on damages or limits on legal fees.

Information about the bill can be found at http://www.legalreformnow.com/pdfs/ClassAct.pdf.

For more information please contact Joan Gartlan, (202) 955-6200.

The Class Action Fairness Coalition is a group of companies and business organizations dedicated to making America's class-action lawsuit lawsuit: see procedure; tort.  system simpler, fairer and faster.
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Publication:Business Wire
Date:Jun 18, 2004
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