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.

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