The Proper Measure Of The Value Of Class Actions

Law360, New York (August 16, 2017, 2:30 PM EDT) -- Did you know that Taurus, a gun manufacturer, is allowing its customers to trade their defective hair-trigger guns for nondefective ones at a cost of $250 million?[1] Or that Nationwide is putting $78 million it stole from its employees back into their pension funds?[2] Or that the German manufacturer of acid-emitting drywall spent hundreds of millions of dollars to rid thousands of homes of this dangerous product?[3]

Why would these giant companies do such things? Because it’s the right thing to do? Hardly. In each of these cases, the company was forced to do the right thing by the filing of...

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