Class Action Reform An Even Bet?

Sunday, June 15th, 2003 Litigation

A House-approved measure aimed at reforming class action litigation by moving many large, multistate class-action lawsuits from state to federal courts has an even-money chance of passage, an insurance trade group representative said today. That assessment came from Joel Wood, senior vice president of government affairs for the Council of Insurance Agents & Brokers in Washington, D.C., following House passage of the measure yesterday by a vote of 253 to 170. The centerpiece of the bill, titled "Class Action Fairness Act" (H.R. 1115), is a provision to allow more multistate class action suits filed in state courts to be moved to federal courts.

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http://www.nationalunderwriter.com/pandc/hotnews/viewPC.asp?article=6_13_03_15_9360.xml&src=5

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