Class Action Reform May Hike Settlements

Costs could be driven up as plaintiffs seek and judgesinsist on all-cash payments

The Class Action Fairness Act of 2005, signed into law lastmonth by President George W. Bush, might benefit corporations witha more level playing field, but it could also drive up the price ofclass-action settlements because plaintiffs' counsel and the courtsmay prefer and even insist on all-cash settlements.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.