"Next Generation" Class Actions Target Retailers

Law360, New York (August 2, 2007, 12:00 AM EDT) -- The plaintiffs’ class action bar has set its sights on the next generation of consumer litigation, this time concerning the information that appears on consumers’ receipts at the point of sale.

At stake are millions and potentially billions of dollars in alleged damages. The odor of “greenmail” is in the air.

The newest wave of lawsuits concerns alleged violations of the Fair and Accurate Credit Transactions Act of 2003 (15 U.S.C. Section 1681 et seq.).

Approximately 200 putative class action lawsuits have been filed across the...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.