NU Online News Service, Mar. 8, 9:52 a.m. — Washington
The House Judiciary Committee Thursday approved legislation that would let defendants in multistate class action lawsuits have the cases heard in federal rather than state courts.
The Committee approved the legislation, H.R. 2341, by a 16-10 vote. The bill is strongly supported by the insurance industry.
Jack Dolan, a representative of the American Council of Life Insurers, Washington, called the Judiciary Committee’s action an important step towards addressing the national problem of runaway class action lawsuits.
“The legislation would bring order and fairness to a system that is running amok,” Dolan said.