Class actions are expensive to defend and uncertain in result.
'No-Injury' Consumer Class Actions: A Growing Practice By Plaintiffs and a Potential Response By Defendants
Plaintiffs' counsel recently have been changing their tactics in product liability class action litigation. In place of filing traditional injury class actions, they instead have been filing more and more economic 'no-injury' class actions, in which the proposed class members seek to recover not for personal injury, but for their alleged economic losses in purchasing a product that is worth 'less' than they paid for it because of some alleged defect.
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