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euro zone fears weigh

Top 40 down over 2 pct this week

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JOHANNESBURG, Nov 25 (Reuters) South African stocks ticked buy canada goose jacket lower on Friday to close canada goose black friday sale the week over Canada Goose sale 2 percent weaker as fears spread 2018 canada goose outlet that euro zone leaders would continue to differ over how to stem contagion from the region debt crisis.

Johannesburg gold mining canada goose outlet store locations index canada goose outlet toronto factory slipped 1.2 percent as Canada Goose Outlet bullion prices followed a weak euro lower. South Africa fourth largest gold miner Gold Fields eased 1.5 percent to 130.57 rand.

Spot gold was last indicated at $1,696.25 an ounce at 1543 GMT, down 0.1 percent on the canadian goose jacket day, having recovered from a session low of $1,671.59.

read more here has been driving the market by and large has canada goose been the ongoings in Europe and people canada goose clearance sale following the debt crisis there with big movements attributable to German failing to fulfill the bond auction, said Nilan Morar, Canada Goose Coats On Sale head of trading at Global Trader.

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The buy canada goose jacket cheap JSE Top 40 blue canada goose coats on sale chip index dropped 0.28 percent to 27,770.91 and the broader All share index fell 0.25 percent to 31,123.96.

Morar said that hopes of a traditional rally happening around the holiday season were dim.

canadagooseoutletshop are few people anticipating a year end rally, I think whether or not we see that is questionable, canada goose clearance to be honest, he said.

Harmony Canada Goose Online Gold, the world fifth largest producer of the precious canada goose coats metal, fell 1.4 percent to 107 rand.

Sasol fell 2.4 percent to 365.50 rand, making it the biggest decliner on the Top 40. Shares of the petrochemicals company have enjoyed a couple of days of robust buying after it said first half profits would be at canada goose replica least 45 percent higher.

There were 161 decliners at the Johannesburg market on Friday while another 120 gained. Trade was relatively cheap Canada Goose slow with 158.9 million shares sold, according to bourse statistics as at 1530 GMT. (Reporting by Helen Nyambura Mwaura).

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I would have been shocked if canada goose black friday sale Mayer Brown new study of 148 federal court class actions filed in 2009 concluded that the cases are of any real benefit to class members. Supreme Court landmark 2011 endorsement of mandatory arbitration in AT Mobility v. Concepcion. Pincus cheap Canada Goose told me that the firm decided to collect information on the outcome of consumer and canada goose replica employment class actions filed in 2009 at the behest of clients worried about the Consumer Financial Protection Bureau study of arbitration agreements. The Chamber and other clients, he said, have been frustrated at CFPB refusal to disclose exactly what it looking at. So, as the Chamber explained in a Dec. 11 letter to CFPB, Mayer Brown and its clients seized the initiative and compiled empirical evidence to show the agency what will happen if it precludes arbitration and forces consumers to litigate through class actions. you going to take away arbitration, Pincus said, have to understand the buy canada goose jacket cheap alternative. According to canada goose deals the study, the alternative to canada goose clearance sale arbitration is a system that is exceedingly bad at delivering recovery to class members, even as it amply rewards Canada Goose Outlet lawyers buy canada goose jacket who bring claims on their behalf. (Like I said, no big surprise there.) Mayer Brown obtained its initial data set of 2009 class actions from case filings mentioned in the BNA Class Action Litigation Reporter and the Mealey Litigation Class Action Reporter. The firm screened out securities class actions and class actions asserting claims under the Fair Labor Standards Act, since both of those kinds of cases are litigated under their own unique rules. After accounting for consolidations, the study ended up analyzing outcomes in 148 consumer and employment class actions filed in or removed to federal court. Only 21 cases (14 percent of the sample) remained unresolved when the study closed on Canada Goose Coats On Sale Sept. 1. Of the 127 class actions that reached a resolution, Mayer Brown researchers found, 45 (or 35 percent) were dismissed voluntarily. (One third of those voluntary dismissals included individual settlements for the name plaintiffs, according to the firm.) Another 41 cases (31 percent) were dismissed by the courts on motions to Canada Goose online dismiss or summary judgment motions. Mayer Brown adds up those percentages and trumpets the conclusion that two thirds of the resolved cases resulted in no relief whatsoever for class members. Forty of the 2009 class actions (28 percent of the resolved cases) settled, a percentage that Mayer Brown says is notably low for cases litigated in federal court. In the firm extrapolation, that means class actions significantly less likely to produce settlements, and therefore significantly less likely to produce any benefit to class members, than other forms of litigation, the study says. Mayer Brown broadly discusses three kinds of class action settlements: claims made agreements in which class members must submit claims to recover compensation and leftover money either goes back to defendants or to a charity; automatic distribution deals that divvy up settlement money among class members when their canada goose outlet store locations identity is already known; and injunctive cases, in which the only benefit to class members is a pledge that defendants will end their wrongful conduct and perhaps contribute to a charity with interests similar to those of the class. The study describes the generally benefits class members receive through these settlements, but aside from reporting that 18 cases in the sample ended with claims made agreements, Mayer Brown doesn provide specifics on the settlements. I have liked to see a more robust discussion of how the cases in the study were resolved. But I have to give Mayer Brown credit for what I consider to be the study most important point: We know next to nothing about what happened after settlement in 34 of the 40 settled cases in the study. And, as Mayer Brown discusses, that typical of class actions. Think about it. Most judicial and even political discussion of class actions goes no further than an assessment of the fairness of a settlement and accompanying fees for class counsel. When you hear canadian goose jacket critics complain about class canada goose store actions, they typically opining on the potential recovery for class members, not the total amount of money that class members actually end up claiming and receiving as compensation when the settlement is administrated. And when judges award fees for plaintiffs lawyers, they typically do so based on the size of the settlement pool, regardless of whether anyone in the class subsequently files a claim. It no accident, Mayer canada goose coats Brown says, that we generally don know what happens to class action settlement money after judges sign off and class action claims administrators take over distribution of Canada Goose Online the funds. No one in the process, speaking generically, has a reason to encourage such disclosures. Plaintiffs lawyers don want courts to see that relatively few class members make claims. Defense lawyers don want to rile plaintiffs lawyers for fear that class counsel will refuse to settle (and because their clients benefit from a low claims rate in settlements that call for unclaimed money to be returned to defendants). Judges don want to add to their workload by insisting upon post settlement review of claims. And claims administrators, which Canada Goose Parka have the easiest access to information about how settlement money is distributed, typically operate under confidentiality agreements that bar them from disclosing data except with permission of the parties or under a court order. This conspiracy of silence means that public almost never learns what percentage of a settlement is actually paid to class members, the study says. Mayer Brown did manage to unearth data on claims made on settlement funds in six of the 40 settled class actions in its study. The reported claims rates are Mayer Brown most powerful evidence that class actions don provide meaningful recovery to class members. the six cases in our data set for which settlement distribution data was public, the study says, five delivered funds to only minuscule percentages of the class: 0.000006 percent, 0.33 percent, 1.5 Canada Goose Jackets percent, 9.66 percent and 12 percent. (The sixth case, as the study explains in a footnote, was extremely unusual. The class consisted of 470 investors with ERISA claims rooted in Bernard Madoff Ponzi scheme; 99 percent of them asserted claims averaging more than $2.5 million against the $1.2 billion settlement fund.) The Madoff case aside, microscopic claims rates in the class actions Mayer canada goose coats on sale Brown analyzed show that on whose behalf these suits are being maintained don really care about them, Pincus told me. I asked him whether Mayer Brown would have submitted the study to the CFPB if the firm had uncovered higher claims rates, indicating that class members were, in fact, benefiting in significant numbers through classwide litigation. He responded in an email: out what really happens in class canada goose actions is important, given the significant judicial resources and litigation costs they consume. I think we would have submitted the study regardless, because the fact that canada goose clearance more than two thirds of the cases resulted in zero benefit to the class members (counting dismissals and that provide injunction relief that is value less in the real world) by itself casts serious doubt on the class action enterprise. Frankly, I knew anecdotally about low distribution rates but these results shocked me. I enough of a believer in the concept of class actions to hope that claims rates of less than 2 percent is shocking and not merely business as usual for class action veterans. (I asked Pincus for additional details on the specific settlements, but he said it wasn immediately available.) More than anything else, what the Mayer Brown study shows is the futility of considering the future of class Canada Goose sale actions with so little public data on the efficacy of canada goose outlet toronto factory the cases. Are they a vindication of consumer rights? Or just a way to recycle defendants money and generate legal fees on both sides? Unfortunately, without data we can answer those questions definitively and there no reason to believe 2018 canada goose outlet the system will swerve to make claims rate information public. So we stuck with anecdote and ideology. The CFTC is holding a public hearing Thursday in Dallas, at which it may release its initial findings on mandatory arbitration. Stay tuned. judge chides Cobell lawyers for trying to squelch appeal.