Reding ditches plans for US-style consumer lawsuits

According to euractiv.com, consumer groups have expressed dismay following Justice Commissioner Viviane Reding's announcement that plans for an EU "collective redress" system are now off the agenda. In an interview with FT Deutschland, Reding acknowledged that she has now effectively stopped the plans, although the proposal had been in the pipeline for a long time.

In her words, the decision was taken to ensure that Europe's economic recovery is not jeopardised by unnecessary burdens for businesses. The plan was designed to ensure that consumers harmed by illegal commercial malpractice are compensated for their losses, but was staunchly opposed by business organisations.

Read more here: http://www.euractiv.com/en/food/reding-ditches-plans-us-style-consumer-lawsuits-news-497997?utm_source=EurActiv+Newsletter&utm_campaign=eb7e459cc7-my_google_analytics_key&utm_medium=email