Please disabuse me of my naiveté if I'm wrong here, but I have to think something is lost in the translation in the statement below from this article published in the Canadian Gazette.

The article discusses the current fever pitch of Canadian class actions and states:

In the U.S., the situation can be much more extreme.

New York firm Milberg Weiss set up a system where as soon as the stock price of a company falls more than a certain percentage on the markets in one day, a class action suit is automatically filed.

I'm not even sure what an "automatically filed lawsuit" would be, but I'm quite dubious of this statement.  Please weigh in if anyone out there  can clarify, confirm or deny.