American International Group became one of the first defendants to use the precedent established against class-action lawsuits through the recent Wal-Mart Supreme Court decision.
American International Group became one of the first defendants to use the precedent established against class-action lawsuits through the recent Wal-Mart Supreme Court decision.
Rating agency Moody’s says a recent Supreme Court ruling in favor of Wal-Mart—and the high burden of proof it puts on future plaintiffs—is credit positive for corporate America, including insurers of corporate liability.
The Wal-Mart class-action-lawsuit decision by the Supreme Court last week was a likely “strong-blow to the plaintiffs’ class action bar,” according to attorneys at an international law firm.
The U.S. Supreme Court dismissed a class-action lawsuit alleging sex discrimination against Wal-Mart, and lawyers say the ruling narrows the grounds on which class-action status can be sought, whatever the issue.