Fitzpatrick on the Possibility of Business-Friendly Class Actions

Brian Fitzpatrick has posted to SSRN Can the Class Action Be Made Business Friendly?.  The abstract provides:

Formal adoption of a class action mechanism is under consideration in New Zealand. The United States has had a robust class action mechanism since 1966, but it is on the wane. The reason is big businesses have turned against it. In this essay, I explain why the business community dislikes the American class action and make some suggestions on how New Zealand might design its own class action to head off similar opposition.