Day on Torts
The House of Representatives has just passed the “Class Action Fairness Act of 2005.” The Senate passed an identical bill last week. President Bush is expected to sign the bill into law tomorrow morning at 11:00 EST.
The new law gives federal courts jursidiction over most class actions when the amount in controversy equals or exceeds $5,000,000 and there are 100 or more plaintiffs.
Read the legislation by clicking here.