Litigation Publication: Class Action Newsletter
5/15/2002
This issue of the Class Action Newsletter discusses in detail the bill passed by the U.S. House of Representative federalizing plaintiff class actions - the Class Action Fairness Act of 2002. Considered largely pro-business, the bill is likely to have difficulty being passed in the Senate.
Also highlighted in the issue is the District of Maryland Microsoft class action settlement which was rejected by the presiding judge; examples of how states continue to split on indirect purchase price-fixing class actions; an employment class action in the Eleventh Circuit determining that the Equal Employment Opportunity Commission can bring a discrimination case without satisfying Rule 23 requirements for class certification; and a securities class certification matter in the Seventh Circuit in which the "fraud-on-the-market" presumption was held not to apply to class certification where misrepresentation is not publicly disseminated.
