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Class action reform compromise reached; Legislation awaited.(News)
Business Insurance, December, 2003
Byline: MARK A. HOFMANN WASHINGTON-Although details of the proposal are scant, a class action reform compromise reached on the eve of the Senate's Thanksgiving recess appears to be no turkey, say reform proponents. In fact, the compromise, which has not been put into legislative language, could be the breakthrough that advocates of class action reform have been seeking since the Class Action Fairness Act came up before the Senate in late October.
That measure-a version of which was passed by the House earlier this year-would, among other changes, permit the removal of certain interstate class actions to federal court from state court. Reform proponents say that change is necessary to prevent so-called "forum-shopping,'' in which trial attorneys seek out the...
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