LAW 525 Lecture Notes - Lecture 9: Individual Psychological Assessment, Punitive Damages, Consumer Protection
28 Mar 2016
School
Department
Course
Professor
Document Summary
Class acions now can be used with regulatory law. A civil lawsuit brought by one or more persons on behalf of a larger group of similarly situated persons (the class members) It seeks to have common or similar claims resolved in a single proceeding with the result binding on all class members and opposing paries. By forcing wrongdoers to bear the cost of illegal or harmful aciviies, class acions encourage increased compliance with the law. Class acions are oten expensive to undertake and provide very litle compensaion to individual class members while generaing relaively large fees for lawyers. It is said that the prospect of large fee awards creates perverse incenives for lawyers to bring unmeritorious acions. The prospect of large and unpredictable jury awards and the availability of puniive damages create strong pressures on defendants to setle an acion regardless of the merits of the acion.
