Ontario's auditor general issued a similar warning last week, cautioning that despite Ontario's work to eliminate its deficit, the province's rising net debt — the
difference between its liabilities and its total assets — could have a number of negative implications for its
finances in the
future.
Here are some highlights on the predictions offered by the panelists: 1) class actions are not going away; 2) the continued growth of mass commerce will continue to spawn class action litigation; 3) Justice Scalia's death will have a significant impact on class action jurisprudence going forward and the judiciary is likely to get less friendly to defendants
in the short - term; 4) technology will make a big
difference for the better
in managing class action litigation; 5) defendants will continue to come up with creative, far - reaching ways of limiting class actions; 6) plaintiffs» attorneys will continue to bring class actions when a) they think they can make money and / or b) they think they will advance the public good; 7) there will be some good class actions and some horrible ones; 8) look out for states to pass new consumer protection laws similar to the New Jersey New Jersey Truth -
in - Consumer Contract, Warranty and Notice Act (TCCWNA); 9) the TCPA and all - natural litigation booms will continue
in the near
future; 10) The CFPB will broadly define consumer
finance services; 11) more class actions will go to trial; 12) what happens with the enforceability of arbitration clauses will have a big impact on the viability of many categories of class actions
in the
future; 13) look for more class actions
in the federal courts
in New York state.