WASHINGTON - Congress on Thursday passed legislation that would transfer most large, multistate class action lawsuits to federal court, fulfilling one of President Bush’s second-term goals.
The aim of the bill was to protect businesses and stop lawyers from reaping huge profits by filing suits in carefully selected state courts.
The legislation, given final congressional approval by the House on a 279-149 vote, would ban state courts from hearing large multistate class action lawsuits. Such courts have been known for issuing multimillion-dollar verdicts like they did against tobacco companies.
Thursday, February 17, 2005
Class-Action Lawsuit Change - Good!
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