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
Brendan J. Rudolph
Mr. Rudolph consults to attorneys and helps prepare expert testimony in all phases of complex commercial litigation,... | Read More
Mr. Rudolph consults to attorneys and helps prepare expert testimony in all phases of complex commercial litigation, including class certification and other motion practice, merits, arbitration, and trial. He also leads Cornerstone Research’s real estate group.Close
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