Word: eisen
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Dates: during 1970-1979
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Seven years ago, Morton Eisen, a New York City wholesale shoe salesman, became convinced that his stockbroker had charged excessive fees. All other buyers and sellers of odd lots of stock (fewer than 100 shares), Eisen figured, were discriminated against in the same manner. He brought a class action on behalf of all who had paid the inflated fees-a total that has now reached 6,000,000 people-and he won a signal victory. Smaller class actions had long been common, but in Eisen's case a U.S. court of appeals held for the first time that federal...
Last week Eisen's case was back before the same U.S. court of appeals. This time the court decided that the suit was too unmanageable and should be dismissed. Eisen had conceded that he was unable to pay for millions of individual notices to other members of the class, and the court held that that was a legal necessity. Moreover, the court observed, the mere cost of sending each claimant his share of the damages (the average claim was $3.90) might well use up the entire award...
...decision withstands planned appeals, Eisen's class action is finished, and so, too, are virtually all other similar mass suits. Noting that many such suits had been brought as "legalized blackmail" to force settlements from companies unwilling to face the cost or risk of fighting the actions, Federal Judge Harold Medina, who wrote the decision, called it "a landmark." Replied Mark Green, a legal activist who works with Ralph Nader: "I'd call it a land mine...
Potempkin. the 1925 Sergei Eisen silent--a classic, some say, 10 p.m., March 25. Chan...
...John by Sydnor Vanderschmidt (3), Alan Anderson (4) and John Wilhelm (5), traced the assault on the mysteries of molecular biology. Jere Donovan (6), assisted by Nina Lihn (7), devised the diagrams of the cell's mechanisms. Medicine Writer Peter Stoler (8), aided by reports from Gail Lowman Eisen (9) and Douglas Gasner (10) discussed the potentials in preventive medicine. Behavior Writer Virginia Adams (11), working with Erika Sánchez (12) and Ruth Mehrtens Galvin (13), described how mental processes might be altered. Religion Writer Mayo Mohs (14), along with Richard Ostling (15) and Margaret Lynch (16), covered...