His legal practice includes corporate and commercial litigation, shareholder oppression remedies, the insolvency of significant corporations, banking litigation and class action suits.
A party that represents a class in a certified class action suit may continue to represent the class even where their own stake in the suit has dissipated.
Critics charge that this bill makes it far more difficult to bring class action suits, and may prolong such litigation, clogging the federal courts' dockets.
Thousands of individuals have already joined the class action suit, all claiming similar incidents of being charged full price and not offered the discounted rate.
Stern was named in several class action suits in which investors claimed that he and other directors had breached their fiduciary duty to shareholders.
