LIFE EVENTS

Multidistrict Litigation

A federal case management procedure in which a federal panel transfers several (or many) complex civil cases involving one or more common questions of fact to one federal district court (called the MDL court). The MDL court coordinates and oversees pretrial proceedings, signs off on settlement of some cases, and dismisses others. All remaining cases are sent back to the original court of filing for trial. MDL works well when plaintiffs nationwide file lawsuits against the same defendants, alleging the same issues. Types of litigation that lend themselves to MDL include cases against pharmaceutical drug companies, lawsuits based on an airplane crash, securities fraud cases, and some employment cases.

Credit Card Accountability Responsibility and Disclosure Act of 2009

A consumer protection law also called the Credit CARD Act. Among its provisions is a prohibition against retroactive rate increases, a requirement that terms be clearly spelled out, and an extension of time before late fees can be imposed. The law also increases protections for students and young people when it comes to new credit card offers.

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