EU countries, lawmakers agree deal on class action lawsuits

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EU countries, lawmakers agree deal on class action lawsuits
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European Union countries and lawmakers struck a deal late on Monday to pave the way for Europeans to team up and sue companies for defective ...

European Union countries and lawmakers struck a deal late on Monday to pave the way for Europeans to team up and sue companies for defective products but with built-in safeguards to guard against the excesses of U.S. class action lawsuits.

The move to boost consumers' rights gained pace following Volkswagen's diesel cheating scandal which has led to thousands of regulatory investigations and lawsuits.The European Parliament said such lawsuits could cover data protection, financial services, travel and tourism, energy, telecommunications, environment and health, and air and train passenger rights.

The European Commission announced the proposal in 2018, but it was delayed by disagreements among EU countries and EU lawmakers.

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