August 8, 2005

WM Asks for the Class to be Disbanded

As expected, Wal-Mart will today ask that the sex discrimination class be broken apart:

The report said that if the order is upheld, Wal-Mart could face a lengthy court battle or, more likely, would pursue a settlement that by some estimates could cost the retailer billions of dollars.

On the other hand, the Journal cited legal experts who said if class-action certification is overturned, it would likely become too costly and cumbersome for the plaintiffs to pursue their cases individually.

The three-judge panel in the U.S. Ninth Circuit Court of Appeals in San Francisco could take months to issue a ruling, the paper said.

As I have written before, the six named plaintiffs look like they have good cases, but the statistical duel between Wal-Mart and its opponents is not easily winnable by either side.

If Wal-Mart wins, will its stock price soar?

Posted by Kevin on August, 8 2005 at 09:33 AM