California, United States of America
The following excerpt is from McConnell v. Merrill Lynch, Pierce, Fenner & Smith, Inc., 135 Cal.App.3d 700, 185 Cal.Rptr. 566 (Cal. App. 1982):
Fletcher v. Security Pacific Nat. Bank (1979) 23 Cal.3d 442, 153 Cal.Rptr. 28, 591 P.2d 51 is strikingly similar in some important respects to the instant case, and makes it clear that traditional contract law principles are not casually to be swept aside for the presumed efficiency of the class action process.
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