Business Services Industry
Late News; Bush signs class action reform measure.(George Bush W.)
Business Insurance, February, 2005
The House of Representatives last week passed, and President Bush signed, the Class Action Fairness Act. Among other things, the act permits the removal of certain class actions involving defendants and plaintiffs from multiple states to federal court from state court. Businesses have long sought such a change, holding that corporate defendants are often denied fair trials in certain overly plaintiff-friendly state courts.
A similar effort in the last Congress passed the House but died in the Senate. TRIA extension bill introduced Two senators last week introduced legislation that would extend the Terrorism Risk Insurance Act two years beyond its scheduled Dec. 31 expiration. In addition, the measure-drafted by Sens. Robert Bennett, R-Utah, and Christopher...
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