A New Wave of Class Actions: The Genetic Information Privacy Act

"It's important to properly identify the elements of the plaintiffs' claims and evaluate the appropriateness of class certification in light of those elements," Jeff Cashdan of King & Spalding, counsel for Progressive, said. "That's the important teaching from these cases."

Friday's verdict for CME Group Inc. and its subsidiary, The Board of Trade of the City of Chicago Inc., comes in a class trial in Cook County Circuit Court that involved thousands of former pit traders who sought compensation following the shift to screen-based trading.

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"We are very proud of this landmark settlement which will transform the lives of college athletes and bring them tens of billions of dollars in damages and future benefits," Jeffrey Kessler, co-executive chairman of Winston & Strawn, said of the antitrust class-action settlement providing $2.576 billion in compensation to college athletes for their name, image and likeness and nearly $500 million in fee awards to class counsel.