Bush signs class-action bill into law - PhillyBlog

Scoop0901 · #1 (**permalink**) 02-18-2005, 04:00 PM

It will be interesting to see the legal challenges to this bill.

Quote:

Bush signs class-action bill into law
Legislation will limit 'lawsuit abuse,' backers say
Friday, February 18, 2005 Posted: 11:59 AM EST (1659 GMT)

President Bush signs a bill to curtailing class-action lawsuits Friday.

WASHINGTON (AP) -- President Bush wasted no time in signing a bill that he says will curtail multimillion-dollar class-action lawsuits against companies.

The first legislative triumph of Bush's second term is a historic step toward "breaking one of the main shackles holding back our economy and America's work force -- lawsuit abuse," said House Speaker Dennis Hastert, R-Illinois.

The House approved the bill by a 279-149 vote Thursday as businesses finally saw success after a decade of efforts to reduce their legal liability from cases where a single person or a small group can represent the interests in court of many thousands of people.

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