Cos. Shaving Class Action Costs Amid More Expensive Suits

Law360, New York (May 3, 2013, 3:44 PM EDT) -- U.S. spending on high-risk class actions has jumped more than 50 percent since 2011 even as corporations streamlined their class action budgets and dropped national class action spending by 5 percent to $2.06 billion in 2012, law firm Carlton Fields said in a survey Friday.

An onslaught of so called bet-the-company class actions, which are class actions that could seriously impair a corporation's value, take longer to resolve than other class actions, and are typically more expensive — as a result, class action spending is expected...
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