NAMIC Hails Senate Passage Of Class Action Reform
Tuesday, February 15th, 2005 Legislation & Regulation Litigation PropertyThe Senate passed class action reform legislation after 6 years. The Senate passed S. 5, The Class Action Fairness Act of 2005 by a vote of 72 to 26. The passing of the legislation allows for the removal of certain interstate class action lawsuits to federal court from state courts if requested by a planitiff or defendant.
External References & Further Reading
http://www.namic.org/newsreleases05/050210nr2.asp
