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Today, the Colorado Court of Appeals ruled unanimously that lawsuit lenders cannot duck the state’s consumer lending laws. The National Chamber Litigation Center filed an amicus curiae (“friend of the court”) brief in the case along with the Denver Metro Chamber. Consumer lawsuit lenders seek out plaintiffs and offer them “up front” cash to cover immediate living or medical expenses while they are engaged in a...
The Oklahoma House of Representatives passed a bill (SB 1016) Wednesday to curb lawsuit lending abuses that will now head to Governor Mary Fallin for her signature. Consumer lawsuit lenders seek out plaintiffs and offer them “up front” cash to cover immediate living or medical expenses while they are engaged in a lawsuit. These loans, which are provided at sky-high interest rates of often over 100%, are then paid...
Harold Kim, executive vice president of the U.S. Chamber Institute for Legal Reform (ILR), made the following statement today applauding the House Judiciary Committee’s passage of the “Furthering Asbestos Claim Transparency (FACT) Act of 2013” (H.R. 982). The legislation would require asbestos personal injury settlement trusts authorized by federal bankruptcy law to disclose information on their claims on a...
The U.S. Chamber Institute for Legal Reform (ILR) today released a study by NERA Economic Consulting showing that the U.S. has the world’s most costly legal system as a share of its economy.Click here to view the full report.The study compared liability costs as a percentage of GDP using general liability insurance sold to companies in Canada, Eurozone countries, and the U.S. because it covers similar types of costs...
It doesn’t get much more ridiculous in the world of ridiculous lawsuits than last month’s winner of our Most Ridiculous Lawsuit Poll: A woman who was suing for “severe and permanent injuries” because of a car accident nevertheless managed to finish a half-marathon (13.1 miles, that is) with the respectable time of 2 hours 43 minutes. While running 12-minute miles won’t win you any Olympic gold medals, it certainly...
Today in Legal Reform
A prolific ADA plaintiff who is facing a sexual harassment suit from a number of former employees is also facing accusations that he improperly gathered evidence for his disability...
Former New York governors Mario Cuomo and George Pataki coauthored an op-ed in the Wall Street Journal, calling on the state’s attorney general office to drop its case against form...
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