The WaPo appears to come out in favor of the House Bill to modify Class-Action litigation:
THE HOUSE OF REPRESENTATIVES passed a bill last week that would take a modest but important step toward fixing America’s broken system of class action litigation. The bill’s passage is no surprise; the House has passed it in previous Congresses as well. The big question now is whether it can pass the Senate, where it has previously stalled. A class action bill has been reported by the Judiciary Committee and is awaiting action by the full body. But its prospects remain cloudy. Yet no area of U.S. civil justice cries out more urgently for reform than the high-stakes extortion racket of class actions, in which truly crazy rules permit trial lawyers to cash in at the expense of businesses. Passing this bill would be an important start to rationalizing a system that’s out of control.
Last week, Yglesias and others called this bill horrible:
Any thoughts?