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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...
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