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December 30, 2013

WSJ: Trial Lawyer Protection Act

A Wall Street Journal editorial highlights ILR’s study that found consumers collect little or nothing from class actions:

Trial lawyers market themselves as champions of the little guy against corporate America. So how’s that working out for the little guy? Not so well, according to a new study by the Mayer Brown law firm for the Chamber of Commerce Institute for Legal Reform, which shows that in the vast majority of class actions, the class members end up empty-handed. In two-thirds of the resolved class actions studied, the class members didn’t see a penny.

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