New Research Finds Broad Support for Amendments to Federal Rule of Civil Procedure 23
LEARN MORE ABOUT WESTERN ALLIANCE SETTLEMENT SERVICES
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."
Click here to download the report and learn more about our findings.
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 across the country. Relationship bankers bring clients years of experience and offer outstanding service to support all phases of the settlement process, from escrow to distribution, with a single point of contact. The Settlement Services group is part of Western Alliance Bancorporation, which has more than $65 billion in assets and ranked #1 among top-performing large banks with assets greater than $50 billion in 2021 by both American Banker and Bank Director. With significant national capabilities, the Settlement Services group delivers the reach, resources and deep industry knowledge that make a difference for customers.