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Law Practice

Apr. 19, 2007

Backing Out

Focus Column - By Sherwin Root - Courts around the country are split on whether plaintiffs may assert class claims for rescission under the Truth in Lending Act.

FOCUS COLUMN

By Sherwin Root
     
      Three recent decisions - one by the 1st U.S. Circuit Court of Appeals, one by a California state appeals court and one by the U.S. District Court for the Eastern District of Wisconsin - concern whether plaintiffs may assert class claims for rescission under the Truth in Lending Act. The 1st Circuit and California cases held that class claims for rescission are no...

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