Carlton Fields’ 2019 Class Action Survey Featured in Top Business and Legal Publications

Life, Annuity, and Retirement Litigation   |   Intellectual Property   |   Class Actions   |   Litigation and Trials   |   Cybersecurity and Privacy   |   Labor & Employment   |   Antitrust and Trade Regulation   |   Mass Tort and Product Liability   |   Consumer Finance   |   Securities & Investment Companies   |   Telecommunications   |   April 22, 2019
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The 2019 Carlton Fields Class Action Survey, which was released in April, has been featured in leading publications such as The Wall Street JournalCorporate CounselLaw360, American Lawyer’s Litigation Daily, Employment Law Daily, Insurance Journal, Property Casualty 360, Daily Business Review, and the Tampa Bay Business Journal.

The eighth annual survey reveals a continuing rise in class action defense spending, driven by more matters per company facing these cases, and, collectively, more complex, high risk, and bet-the-company matters than ever reported in past surveys. In total, companies spent $2.46 billion defending class actions in 2018 and spending and the number of class actions defended by company are expected to increase again in 2019.

“As predicted, class action defense spending rose again in 2018 and this is likely to continue through 2019,” said Julianna McCabe, director of Carlton Fields’ Class Action Survey and chair of the firm’s National Class Actions practice group. “As the resources and financing available to pursue these costly matters have become increasingly available, the volume and complexity of the class actions filed continues to rise. In-house legal departments are dedicating significant resources to these cases and relying on outside counsel for help in making early assessments of their win-loss probabilities, among other factors.”

The 2019 Carlton Fields Class Action Survey is based on interviews with general counsel or senior legal officers at 395 Fortune 1000 and other large companies across a variety of industries.

Read the press release.

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