Democrats may soon find that class-action lawsuits, usually a favored method for embarrassing corporations and sharing huge settlement fees via contributions to their political campaigns, can be a knife with two sharp edges.

The class-action suit brought against the National Education Association by prominent ERISA lawyers at Keller Rohrback, lead law firm against such firms as Worldcom, takes on one of the Democrats’ major contributors anda key source of its campaign contributions: The 403(b) retirement plan for teachers offered under the auspices of the NEA.

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