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Supreme Court Nixes Class Action Tactic

Lawyers cannot bypass a provision of the Class Action Fairness Act by promising to keep their recovery below $5 million, the Supreme Court ruled in a unanimous decision. CAFA requires class actions…

Lawyers cannot bypass a provision of the Class Action Fairness Act by promising to keep their recovery below $5 million, the Supreme Court ruled in a unanimous decision.  CAFA requires class actions seeking more than $5 million be sent to federal court, so plaintiffs lawyers hoped that capping their damages would keep their cases in friendly state courts, reports Bloomberg