Class Action Fairness Act

Assignment Help Business Law and Ethics
Reference no: EM133472740

Question

1. What is an example of a mass tort case?

a. Taxpayers suing to change the terms of a municipal bond

b. Investors suing company for fraud

c. The government suing Wall Street traders for insider trading

d. Consumers suing a manufacturer for injuries sustained from a defective product

2. What type of notice does 23(b)(1) and 23(b)(2) require?

a. Business Notice

b. No Notice

c. Best Notice Practicable (under the circumstances)

d. Adequate Notice

3. What type of notice does 23(b)(3)?

a. Adequate Notice

b. No Notice

c. Best Notice Practicable (under the circumstances)

d. Business Notice

4. Which is not a type of case that falls under the Class Action Fairness Act (CAFA)?

a. Interstate Class Actions

b. Single Event Mass Accidents

c. All of the options are types of cases accepted under CAFA

d. A mass action which is any civil action in which monetary claims of 100 or more persons are proposed to be tried jointly

5. Is complete full diversity required under CAFA?

a. No

b. Yes

6. Under CAFA, there is no requirement under CAFA that any individual plaintiffs claim exceed.

a. False

b. True

7. Under CAFA, how much must the amount in controversy usually exceed at a minimum?

a. $2 Million

b. $75 Million

c. $5 Million

d. $100 Million

8. A court of appeals may hear an interlocutory appeal from a lower court's decision either to grant or deny class certification.

a. False

b. True

9. What is the purpose of awarding reasonable attorney's fees at the end of a class action?

a. Incentive to bring actions to court where individuals cannot afford to bring forth the suit alone.

b. Incentive to win big cases

c. Incentive to take cases on retainer

d. To punish big companies for bad faith business practices

10. Which is not a factor under the California Civil Procedure Code §382?

a. Unfair Practices in Connection with Consumer Sales Transactions

b. Common Question/Question of General Interest

c. So many people that it is impracticable to bring them all before the court

d. An amount of controversy that exceeds $3M at a minimum

Reference no: EM133472740

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