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ARTICLE · 23 NOVEMBER 2014

Amending Rule 23: Lessons From The PSLRA

Earlier this year, it became clear that the Advisory Committee on Civil Rules is considering possible amendments to Rule 23.

United StatesStrategy

Earlier this year, it became clear that the Advisory Committee on Civil Rules is considering possible amendments to Rule 23. As Tony Lathrop's post summarizes, the "front burner" issues at the moment largely concern class action settlements, focusing in on possible limits to cy pres relief and greater clarity on what Rule 23(e)'s "fair, reasonable, and adequate" criteria mean.

I think these are great ideas for possible amendments.  I'm certainly on record about the possible problems that arise from cy pres relief, and I've also written about the proliferation of settlement standards that arise from Rule 23(e)'s vague language.

But, if we're thinking about amending Rule 23 again, I have to ask, why be cautious?  Why not really think about the ways in which class action litigation could be improved?  The Advisory Committee is already grappling with several weighty issues, including the runaway cost of discovery, that have large class-action components. 

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