Trial Lawyer Protection Act : A new study shows that consumers lose in most class actions.

The Wall Street Journal reports:

Trial lawyers market themselves as champions of the little guy against corporate America. So how's that working out for the little guy? Not so well, according to a new study by the Mayer Brown law firm for the Chamber of Commerce Institute for Legal Reform, which shows that in the vast majority of class actions, the class members end up empty-handed. In two-thirds of the resolved class actions studied, the class members didn't see a penny.

Out of 148 federal class actions reported by two major litigation publications in 2009, none of the cases went to trial and won a judgment for the plaintiffs. Zero. Fourteen percent of the cases remain pending. Of the 127 cases that had been resolved by September 2013, 35% were voluntarily dismissed by the plaintiff, 31% were dismissed on the merits by the court and 33% were settled.

You'll want to read the entire article.