On July 20, President Clinton signed into law H.R. 775, the Y2K Act– legislation designed to provide corporate defendants with some protection against the expected onslaught of lawsuits that may arise from “actual or potential Y2K failures.” Those protections take the form of several novel litigation reforms that alter in some respects the substantive law applicable to Y2K actions. The reforms include punitive damages caps, proportionate liability limitations, prelitigation notice requirements and special pleading prerequisites.

SETTLING THE QUESTION OF Y2K CLASS ACTIONS

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]