Next Target for Change: Consumer Protection Laws?

…so says a Law.com story.

As part of their efforts, tort reformers are circulating model legislation to state lawmakers that would require consumers to have suffered economic losses or injuries from a company’s alleged misstatements in order to file a class action.

The model legislation, which was encouraged recently in a report by the American Tort Reform Foundation, also would require consumers to have relied on a company’s alleged misrepresentations when they bought its product or services.

(See also the post from Pfizer’s Arnold Friede.)