Americans Favor Class Action Tort Reform
Saturday, July 15th, 2000 Legislation & Regulation Liability LitigationAlthough class action lawsuits allow legal recourse against large corporations, most people believe that the monetary benefits are enjoyed mainly by lawyers, the results of a recent Insurance Research Council survey reveal. “Americans have mixed views about class action lawsuits,” said Elizabeth Sprinkel, senior vice president of the IRC in Malvern, Pa. “While they show concern about individuals’ ability to seek compensation from large organizations, they worry about the number and size of awards of class action lawsuits as well as the share of settlements that attorneys claim.” Most respondents, 76 percent, agreed that class action lawsuits give average people the ability to act against big corporations with large legal resources. Nearly as many, 73 percent, said that class actions generate a lot of money in legal fees but produce little monetary benefit for the people suing.
