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.
