Why The Fairness In Class Action Litigation Act Is Unjust

Law360, New York (April 4, 2017, 4:39 PM EDT) -- Carol Gilden

Michael Eisenkraft Here we go again. H.R. 985 places a bull's-eye squarely on the back of every securities class action. It does so under the guise of attempting to fix a supposedly broken litigation system for class actions, which the bill’s proponents allege is rife with abuse. But in fact this bill is designed to eliminate all class actions — including securities class actions. Not only is the “abuse” the bill’s proponents claim exists illusory; they ignore the critical role securities class actions play...
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