According to a story published in the Hill, Wells Fargo’s scandalous practice of secretly opening more than 2 million sham deposit and credit card accounts dragged on for at least five years, because Wells Fargo contract provisions blocked consumers from suing the bank in court. Read more…
Class Actions Blog
Archive for the ‘Class Action Facts’ Category
Elizabeth Cabraser has written an insightful article asking why women so rarely appear in court serving as plaintiff’s class action counsel.
Jeff Spross has written an article in The Week that addresses the notion raised by many commentators and politicians that there are too many lawsuits. In it, he points out that every society has to make a choice “about how to deal with collective action problems.” He argues that in the U.S. “we have a lot of class action lawsuits because we don’t do a very good job protecting people from harm through actual laws.”
Consumer law attorney Daniel Karon asks the question, “we’re enlightened and motivated to prevent injuries before they happen . . . aren’t we?”
“Maybe not,” he says, “The Fairness Act would extinguish consumers’ ability to pursue preventive class actions and would destroy lives. And that the chamber and Congress smartly teed off on comparatively harmless defective washers doesn’t mean the Fairness Act’s effect won’t have sinister consequences. Perhaps a better name is the No Class Action Claim Until Someone is Killed Act.”
You can read the opinion piece here.
Judge Elaine Bucklo from the Northern District of Illinois and Chicago attorney Thomas R. Meites recently published an article in the ABA Litigation Journal about what they believe judges should be told about class action settlements. Here is a link to the article.
Study by New York law school finds that class actions benefit consumers and impact corporate behavior
The Center for Justice & Democracy at New York Law School has issued a study of over 150 class action settlements. They found overwhelming evidence that class actions have helped victims of corporate law-breaking and led to changes in corporate behavior that protect us all from many types of illegal conduct.