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Class action defence costs rise to $2.9bn as Covid-19 boosts case numbers Â
09 June 2021
Class action defence costs rise to $2.9bn as Covid-19 boosts case numbers Â
More than a quarter of US corporates have faced at least one Covid-19 related claim, research findsÂ
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By Mike Fouque; Copyright US companies spent $2.9bn last year defending class actions, a record that represents 13% of the litigation spending market, according to new research.
The Carlton Fields Class Action Survey reveals that the Covid-19 pandemic is playing a major role in fueling class actions, against the background of steady year-on-year increases, with the average annual number of cases per company sitting at 9.3, compared to just 4.4 in 2011.