NY A08034

Eliminates the prohibition against class actions involving statutory penalties or minimum recovery measures, instead allowing such actions to proceed if class certification prerequisites are met and the involvement of governmental parties is not grounds for denial.

Requires courts to determine class certification at an early practicable time and establishes procedures for appointing class counsel, including mandatory consideration of counsel's work identifying claims, experience with class actions, legal knowledge, and resources committed.

When multiple adequate applicants seek appointment as class counsel, requires courts to appoint the applicant best able to represent the class interests; allows courts to designate interim counsel before certification.

Establishes detailed procedures for settlement or dismissal of class actions, including notice requirements to class members, court approval after finding fairness and reasonableness, and prohibits payments to objectors for withdrawing objections unless court-approved.

Modifies attorneys' fees provision to clarify that fee awards are subject to any limitations imposed by law.