Over the past few years, American businesses have waged an aggressive lobbying campaign in Congress to limit what they perceive to be the abuse of the class action mechanism in litigation involving consumer products and financial services. Large corporations in the US have been hit with a number of judgments arising out of class actions. These cases have been brought by skilled class action counsel who have reaped significant fees – often in the tens or even hundreds of millions of dollars.
Advocates for class action reform have focused on two issues. First, corporate defendants want access to the federal courts for class actions involving nationwide classes of consumers that impact on national policy toward big business in consumer transactions.
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