HB449

Virginia HB449 establishes rules for class actions, including certification requirements and class counsel duties.

Virginia HB449 amends the Code of Virginia to create a new chapter on class actions. It outlines the requirements for certifying a class action, including the necessity for a class to be numerous, have common questions of law or fact, and be fairly represented by the parties. The bill also details the process for appointing class counsel, their duties, and the court's authority to manage class actions. Additionally, it specifies the conditions under which a class action may be settled, voluntarily dismissed, or compromised, and mandates court approval for such actions.