Businesses Look for Lawsuit Limits in 2004
Tuesday, January 6th, 2004 LitigationAccording to a report by Reuters, many business groups are looking to 2004 as the year class action lawsuits may finally be reigned in by Congress. With a compromise reached at the end of 2003‘s session by Senate Majority Leader Bill Frist (R-Tenn.) and three outspoken opponents to previous versions of a bill moving many class-action lawsuits into federal court, a Senate vote on class-action reform may come as soon as February. "Opponents of these necessary reforms continue to paint the reforms as attempts to shut out "the little guy" from the court system," said NAMIC‘s Director - Legal and Regulatory Affairs Peter Bisbecos. "The truth is that the proposed reforms related to class-action lawsuits would do no more than to transfer more class actions with multi-state implications into federal courts - where they belong.
