Almost half of GCs across the country are anticipating an uptick in class actions concerning consumer fraud and privacy, according to a recent study.
Carlton Fields, a Tampa Bay-based law firm, recently surveyed GCs and CLOs from more than 300 companies in a variety of industries to gauge their inclinations on future litigation trends. Forty-five percent of the survey’s respondents said they see consumer fraud and privacy suits comprising the next wave of class actions. Just a year ago, only 15 percent of respondents said they were anticipating an influx of such suits. The increase is likely due to recent news about corporate data breaches and food labeling suits.