Class Action Reform May Hike Settlements
Costs could be driven up as plaintiffs seek and judges insist on all-cash payments
The Class Action Fairness Act of 2005, signed into law last month by President George W. Bush, might benefit corporations with a more level playing field, but it could also drive up the price of class-action settlements because plaintiffs' counsel and the courts may prefer and even insist on all-cash settlements.
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