Insights & News

Keith Dutill Quoted in Ignites Regarding Class Action Opt-Out Litigation

June 30, 2017
Press Clippings

Stradley Ronon Partner Keith Dutill was quoted in the Ignites article, "Supreme Court Sets Clock for Class Action Dropouts," on the U.S. Supreme Court's decision in a case regarding class-action opt-outs and the statute of repose.

"Although opting out of a class can lead to a larger award for plaintiffs, the impact of the court's decision may be minimal for fund providers, says Keith Dutill, a partner at Stradley Ronon. Previously, a New York circuit court had reached a similar conclusion, and plaintiffs have since 'evaluated their opt-out options and timetable accordingly,' knowing that opting out of a class does not pause a statute of repose, Dutill says. While the decision clarifies the law, it is not likely to change the way most mutual funds approach these issues, he adds."

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