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Completely revised and up to date, this text thoroughly covers the Class Action Fairness Act of 2005, the 2003 amendments to Rule 23, and important court decisions, plus the major topics such as commencement of a class action, requirements for class certification, class action discovery, notice to class members, "opt-out" rights, Seventh Amendment and due process issues, class settlements, remedies, appellate review, issue and claim preclusion, and ethical and policy issues. It focuses on securities, mass tort, and employment discrimination class actions, defendant class actions and shareholder derivative suits, and explores the cutting-edge issues in multiparty litigation and numerous groundbreaking court decisions.