Collective David Against Corporate Goliaths: Named Plaintiffs' Standing in Antitrust Class Actions
Antitrust claims can successfully navigate last decade's reforms. As market concentration intensifies, especially in the technology sector, it is crucial for class counsel to adequately represent plaintiffs and bring antitrust class actions to safeguard their rights.
January 23, 2024 at 10:22 AM
7 minute read
Class action cases make it possible for consumers to band together and defend their interests collectively in cases where it might be impractical to defend them individually. Recently, many legal scholars claimed that the cascade of legislative and judicial reforms has hobbled antitrust class actions, making them harder to plead, certify and litigate. However, class actions continue to be the mainstay of antitrust enforcement, exceeding government actions by more than 25 to one. Between 2005 and 2020, the number of judicial approvals of settlements grew, on average, 10.31% every year; the number of approved settlements exceeding $100 million increased three-fold between 2012 and 2020.
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