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Class Action News
President Signs Class Action Fairness Act of 2005
THE PRESIDENT: The first bill signing ceremony of 2005
The bill I'm about to sign is a model of effective, bipartisan legislation. By working together over several years, we have agreed on a practical way to begin restoring common sense and balance to America's legal system. The Class-Action Fairness Act of 2005 marks a critical step toward ending the lawsuit culture in our country. The bill will ease the needless burden of litigation on every American worker, business, and family. By beginning the important work of legal reform, we are meeting our duty to solve problems now, and not to pass them on to future generations.
Second, the bill provides new safeguards to ensure that plaintiffs and class-action lawsuits are treated fairly. The bill requires judges to consider the real monetary value of coupons and discounts, so that victims can count on true compensation for their injuries. It demands settlements and rulings to be explained in plain English, so that class members understand their full rights.
There's more to do. Small business owners across America fear that one junk lawsuit could force them to close their doors for good. Medical liability lawsuits are driving up the cost for doctors and patients and entrepreneurs around the country. Asbestos litigation alone has led to the bankruptcy of dozens of companies and cost tens of thousands of jobs, even though many asbestos claims are filed on behalf of people who aren't actually sick.
Class-action reform will help keep America the best place in the world to do business. It will help ensure justice for our citizens, and I'm confident that this bill will be the first of many bipartisan achievements in the year 2005.
A class action lawsuit was filed against Nintendo because of the Wii's defective wrist-strap.
A class action lawsuit was filed against Nintendo in December 2006, alleging the videogames pioneer breached its own product warranty by shipping its Wii games console with a Remote wrist-strap that breaks even when used as directed.
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Definition:
A person in the complaint of plaintiff who has been chosen to adequately represent the interests of the class.
Fairness hearing
Definition:
A fairness hearing is a court hearing where the "fairness" of the proposed settlement is evaluated by the court.
Numerosity
Definition:
Numerosity refers to the improper number of class members who would like to actively participate and the court decided that it would be impractical to have the entire number take part in the litigation.
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