Monday, March 07, 2011

The lawsuit abuse problem in a nutshell ington Examiner

The lawsuit abuse problem in a nutshell Examiner Editorial Editorials Washington Examiner
"America's legal system cries out for reform when a solicitation described by a federal judge as 'junk mail' can expose a mortgage company to as much as $16 billion in liability for allegedly failing to provide 16 million recipients with a sufficiently 'clear and conspicuous' notice of one of their rights under the Fair Credit Reporting Act.
The prospect of having to face so massive a liability forced the company to settle a class-action lawsuit filed against it by plaintiff lawyers, who then received from the defendant $3.5 million in fees.
The lawyers got something else, too -- a promise from the company they sued that its executives would not criticize the lawyers in public regarding any issue in the case.

The company is prevented from talking about the settlement in critical terms, but this newspaper is not:
We agree with Class Action Watch Executive Director Lawrence Schonbrun that the case represents 'the class action mess in a nutshell.'"

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