July 30, 2010, Newsletter Issue #29: Finance Litigation
Tip of the Week
The passing of the new credit card ruling may lend to more finance litigation should credit card companies and banks inadvertently raise interest rates without good cause. Litigation may be started by one individual, or it may result in a class action lawsuit.
Documentation exchanged by the parties involved, especially in a class action lawsuit, can be extensive. All documentation must be reviewed before it is forwarded to opposing counsel. All documentation received by counsel must also be reviewed. If the documentation is extensive, retaining extra staff (attorneys) may be more cost effective than having the lead attorney review the documents. Staffing agencies provide experienced document review attorneys to review paper or electronic documents for content to ensure the document is discoverable.
If a document falls under attorney-client privilege or other confidentiality rules, it may not be discoverable. Trained document review attorneys separate documents that are not discoverable, so the documents are not provided to opposing counsel.
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