Opting Out of Class Actions: Advantages, Risks, Procedural Pitfalls, Settlement Leverage
Timing and Adequacy, Venue, Lessons From Recent Case Law
A live 90-minute CLE webinar with interactive Q&A
This CLE webinar will guide counsel for putative class members on what factors to consider when advising clients whether to opt-out of a putative class. The program will assist counsel for the defense on best strategies for keeping the class together. Whether to opt-out of a putative class action and the ensuing lawsuits are incredibly complicated and require different analysis than whether to pursue a stand-alone claim. The webinar will discuss not only the opt-out decision but also recent case law on the mechanics of opting.
- Significance of opt-out rights
- Contrasting opt-in classes
- Timing and adequacy of opting out (Allianz Global Inv’rs GMBH v. Bank of Am. Corp. (S.D.N.Y. May 28, 2020) )
- Factors to consider
- Time to resolution
The panel will review these and other key issues:
- How critical are opt-outs and objections in class action litigation?
- How frequently do class members opt-out of class actions in particular cases?
- What is the relationship between opt-out plaintiffs and objections?
- What other considerations exist besides the amount of recovery?
Latham & Watkins
Mr. Harris is a member of the firm’s Restructuring, Insolvency & Workouts, Securities Litigation &... | Read More
Mr. Harris is a member of the firm’s Restructuring, Insolvency & Workouts, Securities Litigation & Professional Liability, and Supreme Court & Appellate Practices. He provides counsel to debtors, agents for lender consortiums, creditors’ committees, individual creditors and service providers. Mr. Harris is a member of the Federal Judiciary Conference instructing judges on e-discovery issues in bankruptcy cases.Close
to be announced.
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