House Passes Bill Modifying Class Action Standards, Bankruptcy Trust Disclosures

(January 11, 2016, 9:49 AM EST) -- WASHINGTON, D.C. — The U.S. House of Representatives on Jan. 8 passed legislation its supporters claim will reduce fraud in the asbestos bankruptcy trust system and help ensure that federal class actions lawsuits enrich only truly injured individuals.

(Legislation available. Document #01-160120-010L.)

Rep Bob Goodlatte, R-Va., who introduced the Fairness in Class Action Litigation Act, HR 1927, praised it for ensuring that certified classes consist of members with the same type and extent of injuries. HR1927 allows uninjured or noncomparably injured parties to join class actions...
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