According to a new research report by Western Alliance Bank’s Settlement Services group, judges, class action attorneys and claims administrators broadly agree: The 2018 amendments to Federal Rule of Civil Procedure 23 significantly improved the class action litigation process. These amendments will also help shape the evolution of class action litigation in the coming years.
The report — the first of its kind to gauge sentiment around the 2018 amendments — is based on a survey and focus group comprised of a combined 130 attorneys, claims administrators and judges. The research was conducted by a third-party research firm. The report also includes insights from two days of panel discussions between 12 sitting federal and state judges, attorneys, claims administrators and other professionals at the Western Alliance Bank Class Action Law Forum in March.
"This research provides policymakers and class action professionals with invaluable feedback," said Tom Loeser, Partner at Hagens Berman Sobol Shapiro LLP, one of the attorneys who participated in the survey, focus group and panel discussions. "As representatives from those two groups continue to refine and evolve class action litigation, it's crucial to understand what worked in the Rule 23 changes and where more work remains to be done."
Western Alliance Settlement Services, a national banking group within Western Alliance Bank, Member FDIC, specializes in banking for law firms, claims administrators and related businesses managing class action, mass tort and bankruptcy settlements. This team of expert bankers brings clients years of experience and offers exceptional service to support all phases of the settlement process, from escrow to distribution, with a single point of contact. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation, with more than $50 billion in assets. The bank is again #1 best-performing of the 50 largest public U.S. banks in the S&P Global Market Intelligence listing for 2020 and ranks high on the Forbes “Best Banks in America” list year after year. Serving clients across the country wherever business happens, Western Alliance Bank operates individually branded, full-service banking and financial services divisions and has offices in key markets nationwide.