|
|
Article: LEGAL STUDY QUESTIONS RATIONALE FOR LIMITING CLASS ACTIONS.
- Article from:
- Liability & Insurance Week
- Article date:
- January 20, 2004
CopyrightCOPYRIGHT 2004 JR Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A study released last week by two law professors in the Journal of Empirical Legal Studies found "no robust evidence" to support limiting class actions on grounds class-action awards are skyrocketing, hurting business and lining the pockets of greedy plaintiffs' attorneys.
The study, by Theodore Eisenberg of Cornell Law School and Geoffrey P. Miller of New York University Law School, found no dramatic increase since 1993 in class-action awards or legal fees.
They said their study was much "more comprehensive and analytically detailed" than previous studies because it was based on two new databases. One includes "data on all state and federal class ...