The members of the American Business Conference (ABC), chief executives of fast-growing, midsize firms, today applauded President Bush and a bipartisan majority in Congress on the passage of the Class Action Fairness Act. Speaking for ABC members, John Endean, president of ABC said:

"The Class Action Fairness Act brings greater rationality to our civil justice system. It is just plain common sense that large, multi-state class actions be moved to the jurisdiction of the federal courts. This Act puts that reform in place.

"Similarly, the Act attempts to rebalance the relationship between plaintiffs and their attorneys by curbing the practice by which attorneys pocket large fees while their class action clients receive mere coupons as their share of the settlement. Under the Act, this indefensible practice will be limited significantly.

"Ultimately the Class Action Fairness Act demonstrates that progressive reform of the civil justice system can be effected for the benefit of all. We congratulate the President and members of both parties in Congress for this achievement. We hope that this success will lead to further reform, particularly in the area of asbestos litigation and medical malpractice reform."

The American Business Conference is a Washington-based coalition of chief executives of fast-growing midsize American companies. ABC members advocate policies to promote economic growth and a higher standard of living for all Americans.

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