In the wake of the Wall Street meltdown, recent press on subprime mortgage class action litigation has focused on securities class actions and cases involving subprime investments. Less has been written about trends in class actions seeking redress for alleged predatory lending practices. However, that doesn’t mean that there aren’t any cases involving predatory lending practices. In fact, [...]
Archive for December, 2008
Local Governments Consider Predatory Lending Suits
Posted in Class Action News, Class Action Trends, tagged baltimore, memphis, predatory lending, shelby county, subprime class action, subprime crisis on December 9, 2008 | 1 Comment »
Beware of Class Action Scam, But Get Cash Now!
Posted in Class Action News, tagged class action fraud, class action scam, consumer affairs, google ads on December 4, 2008 | Leave a Comment »
Local Phoenix ABC affiliate KNXV-TV has a report today about a consumer scam in which people are told that they are eligible for money in a class action. The scam involves individuals being contacted by telephone to tell them that they are part of a class action lawsuit and are entitled to recover hundreds or thousands [...]
No CABWR This Week, But Here’s a Tidbit
Posted in Class Action News, Class Action Trends, Other class action blogs, tagged Class Action Trends, Rule 10b-5, Section 11, securities class actions on December 3, 2008 | Leave a Comment »
Given that it took me until Saturday to get last week’s Class Action Blogosphere Weekly Review out, I plan to wait until next week to do the next one. In the meantime, here’s an interesting tidbit that Werner Kranenburg of With Vigour & Zeal tipped me off to earlier in the week. David I. Michaels, law [...]
Colorado Supreme Court Hears Argument in “Fraud on the Market” Consumer Class Action
Posted in Class Action News, Class Action Trends, Colorado Class Action News, tagged benzing, class certification, colorado consumer protection act, colorado supreme court, consumer fraud, consumer protection, fraud on the market, presumption of reliance, price inflation, pritchard, reliance on December 3, 2008 | Leave a Comment »
The Colorado Supreme Court held oral argument today in the case of Farmers Insurance Exchange v. Benzing, No. 07SC483. Audio of the argument is now available at the Colorado Supreme Court’s website. Among the issues in the case is whether the “fraud on the market” theory, and other presumptions of reliance recognized in securities cases, applied [...]
Consumers Don’t Benefit from UK Collective Actions. So How Exactly Does that Make them Different from US Class Actions?
Posted in Class Action News, Class Action Trends, Commentary, International Class Action Law, tagged antitrust, antitrust conference, class action reform, collective action, International Class Action Law, jjb sports, opt in, opt out, UK class action, UK collective action on December 1, 2008 | 2 Comments »
UK legal publication The Lawyer has an interesting article out today for anyone tracking trends in class and collective action reform across the pond. According to the article, Which?, a consumer organization granted the right to pursue collective redress on behalf of consumers harmed by conduct declared to have violated antitrust laws, isn’t convinced that it would [...]
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CAFA Makes Strange Bedfellows of Trial Lawyers and Strict Constructionists
Posted in Class Action News, class action reform, Commentary, tagged atla, CAFA, Class Action Fairness Act, federalist society, originalism, originalist, strict constructionism, strict constructionist, textualism, textualist, trial lawyer on December 5, 2008 | Leave a Comment »
Mark Moller of the Cato Institute posted this commentary today arguing that true originalists should not be so quick to extol the virtues of the Class Action Fairness Act of 2005 (CAFA), which is often hailed as a conservative victory in tort reform. Moller and various other conservative commentators argue that the Act, which expands the statutory grant of [...]
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