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Class Action Fairness Act Tabled for 2004 ( July 2004 )
A bill that everyone thought would pass has been rejected by the Senate. The Class Action Fairness Act was aimed at the abuse of class action lawsuits but did not receive the majority votes that it needed to pass. The vote was 44-43. Therefore, it is a dead issue for this election year. -
Settlement Classes As Precedent In Litigation Classes ( September 2003 )
Rule 23 of the Federal Rules of Civil Procedure requires judicial approval of class action settlements. Under <i>Amchem Products v. Windsor</i>, 521 U.S. 591 (1997), class action settlements must meet all of Rule 23's requirements except manageability. Thus judicial approval of a settlement class can place defendants at risk of later having the settlement class cited as "precedent" for certifying litigation classes in other actions. -
Settlement Reached On PG&E Bankruptcy Reorganization ( June 2003 )
On June 19, 2003, Pacific Gas and Electric Company (PG&E), its parent PG&E Corporation, and the staff of the California Public Utilities Commission (CPUC) announced that they have reached a settlement of PG&E's Chapter 11 bankruptcy reorganization case. A majority of the CPUC's commissioners must ratify the settlement by Dec. 31, 2003. Prospects for ratification are not clear at this time. -
California Supreme Court Hears Argument on SCE/CPUC Settlement ( May 2003 )
On May 27, 2003, the California Supreme Court heard oral argument from Southern California Edison Company (SCE), the California Public Utilities Commission (CPUC) and The Utility Reform Network (TURN) on three issues that the United States Court of Appeals for the Ninth Circuit has certified for its review. -
Size of D&O Settlements Exploding ( November 2002 )
Prior to a couple of years ago, it would have been difficult to identify any settlement or judgment of more than $100 million in a "typical" D&O lawsuit. However, since mid-1999, the size of D&O settlements, particularly in securities class action lawsuits, has increased dramatically. -
Recent Settlements for Enormous Monetary Sums Highlight the Risks for Employers in Employment Cases ( March 2001 )
Two recent settlements, one by the Coca-Cola Company and another by Microsoft Corp., both for enormous sums of money, highlight the ever-present risks faced by defendant employers in employment cases. -
FAQ's About the Progress of Your Lawsuit ( May 2000 )
Is it likely that my case can be settled out of court? Yes. Stephens & Stephens makes every effort to reach a fa. -
Court Rejects Proposed Class Action Settlement ( September 1999 )
This article examines Polar International Brokerage Corp. v. Reeve, 1999 U.S. Dist. LEXIS 7223, 1999 WL 311817 (S.D.N.Y. May 17, 1999).
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