7 Jan 2025
⚖️FCA Policy on Class Action Complaints
Policy Statement on Class Action Complaints
Summary
The Federal Maritime Commission (Commission) is issuing this document to advise the public of the availability of a new policy statement. The policy statement explains that private parties are not precluded from bringing class action complaints at the Commission.
Agencies
- Federal Maritime Commission
Business Impact
$$ - Med
The new policy allows private parties to initiate class action complaints with the Federal Maritime Commission, affecting compliance and regulatory requirements for businesses in the shipping industry. This may lead to increased litigation risk and necessitate changes in legal strategy for businesses involved in maritime activities.