Bass, Berry & Sims attorneys Brant Phillips and Joe Crace authored the article “2nd Cir. Affirms Strict Enforcement of Class Action Opt-Out Requirements” for the ABA Section of Litigation – Commercial & Business. The article analyzes a decision by the United States Court of Appeals for the Second Circuit in Shumsker v. Citigroup Global Markets, Inc. – a case in which the Appellate Court affirmed a trial court’s decision denying a potential shareholder’s request for more time to comply with the opt out requirements of a securities class action lawsuit.