News & Blog

Cracking Down on Delaware's Unclaimed Property 'Cash Grab'

April 20, 2015 | The courts may be on the verge of significantly curtailing a controversial cash-grab program for the state of Delaware.

In the News Today - April 20, 2015

April 20, 2015 | An editorial in The Wall Street Journal considers whether the arrest of former New York Assembly Speaker Sheldon Silver will expose the "rotten links between politicians and trial lawyers" in the state's courts, particularly the Consolidated Asbestos Litigation docket. (Wall Street Journal)

Cracking Down on Delaware's Unclaimed Property 'Cash Grab'

April 20, 2015 | Insights

The courts may be on the verge of significantly curtailing a controversial cash-grab program for the state of Delaware. Read More »

Tags: Unclaimed Property, Delaware

In the News Today - April 20, 2015

April 20, 2015 | Insights

An editorial in The Wall Street Journal considers whether the arrest of former New York Assembly Speaker Sheldon Silver will expose the "rotten links between politicians and trial lawyers" in the state's courts, particularly the Consolidated Asbestos Litigation docket. (Wall Street Journal) Read More »

Tags: Asbestos, Class Actions, Legal Ethics, New York

Quicken Loans Sues DOJ; Claims 'Political Agenda' Driving Pressure to Settle

April 20, 2015 | Insights

Quicken Loans Inc. sued the U.S. Department of Housing and Urban Development and the Justice Department on Friday, saying in its complaint that the company is "fed up" with being pressured to settle over wrongdoing it didn't commit. Read More »

In the News Today - April 17, 2015

April 17, 2015 | Insights

Preet Bharara, the United States attorney for the Southern District of New York, has faced a deluge of criticism from the federal judiciary of late for his borderline tactics, most recently from Judge Valerie Caproni in Manhattan who condemned Bharara for orchestrating a "media blitz" in the days following Sheldon Silver's indictment on corruption charges. (New York Times) Read More »

Tags: Lawsuit Lending, Legal Ethics, New York, West Virginia

Live-In Financial Watchdogs Proposed by New York's Department of Financial Services

April 17, 2015 | Insights

Independent corporate monitors-individuals who assess the health of a company's compliance program and report on potential legal violations-are often installed in companies that have reached settlements with the government for alleged regulatory infractions. Read More »

Tags: New York

Consumers Beware: Lawsuit Lenders Go Digital

April 16, 2015 | Insights

The "ugly" side of the Internet is in the eye of the beholder - but we tend to think the appearance of new sites that help fuel the growth of the lawsuit lending industry fall into that category. Read More »

Tags: Third Party Litigation Funding, Lawsuit Lending

In the News Today - April 16, 2015

April 16, 2015 | Insights

U.S. Bankruptcy Judge Robert Gerber ruled on Wednesday that GM can retain a bankruptcy shield protecting it from up to $10 billion in potential faulty ignition switch claims. Read More »

Madison County's "No. 1!" Ranking Has Out of State Plaintiffs' Lawyers Cheering, Local Taxpayers Footing the Bill

April 15, 2015 | Insights

You can almost hear the chants coming from Madison County, Illinois: "We're number 1! We're number 1! We're number 1!" Read More »

Tags: Lawsuit Abuse Impact, Class Actions, Asbestos, Illinois

In the News Today - April 15, 2015

April 15, 2015 | Insights

Thousands of businesses across the Tampa Bay area have received more than $5 billion to date in from BP in the past five years, including those located "as far inland as Plant City, even though no oil washed up on their shores." Despite this, the area has more claims filed in the settlement than any other region or state. (wtsp.com) Read More »

Tags: State Legal Reforms, Florida, West Virginia

New York Judge Sets Aside $11 Million Ford Asbestos Verdict

April 15, 2015 | Insights

New York Judge Barbara Jaffe set aside an $11 million verdict against Ford Motor Co. on Monday, finding that the plaintiff's general causation expert failed to establish a link between the plaintiff's mesothelioma-related death and his exposure to asbestos when working on automotive parts. Read More »

Tags: Asbestos, New York

In the News Today - April 14, 2015

April 14, 2015 | Insights

An editorial in The Wall Street Journal asks whether there were any actual victims in a "bizarre" Consumer Financial Protection Bureau (CFPB) case in which an $80 million settlement was reached with Ally Bank in 2013. The CFPB alleged interest rate discrimination against car buyers who were assumed-but never proved-to be minorities. (Wall Street Journal) Read More »

Tags: Class Actions, Class Actions Around the Globe, Pennsylvania

Cracking Down on Delaware's Unclaimed Property 'Cash Grab'

April 20, 2015 | Insights

The courts may be on the verge of significantly curtailing a controversial cash-grab program for the state of Delaware. Read More »

Tags: Unclaimed Property, Delaware

In the News Today - April 20, 2015

April 20, 2015 | Insights

An editorial in The Wall Street Journal considers whether the arrest of former New York Assembly Speaker Sheldon Silver will expose the "rotten links between politicians and trial lawyers" in the state's courts, particularly the Consolidated Asbestos Litigation docket. (Wall Street Journal) Read More »

Tags: Asbestos, Class Actions, Legal Ethics, New York

Quicken Loans Sues DOJ; Claims 'Political Agenda' Driving Pressure to Settle

April 20, 2015 | Insights

Quicken Loans Inc. sued the U.S. Department of Housing and Urban Development and the Justice Department on Friday, saying in its complaint that the company is "fed up" with being pressured to settle over wrongdoing it didn't commit. Read More »

In the News Today - April 17, 2015

April 17, 2015 | Insights

Preet Bharara, the United States attorney for the Southern District of New York, has faced a deluge of criticism from the federal judiciary of late for his borderline tactics, most recently from Judge Valerie Caproni in Manhattan who condemned Bharara for orchestrating a "media blitz" in the days following Sheldon Silver's indictment on corruption charges. (New York Times) Read More »

Tags: Lawsuit Lending, Legal Ethics, New York, West Virginia

Live-In Financial Watchdogs Proposed by New York's Department of Financial Services

April 17, 2015 | Insights

Independent corporate monitors-individuals who assess the health of a company's compliance program and report on potential legal violations-are often installed in companies that have reached settlements with the government for alleged regulatory infractions. Read More »

Tags: New York

Consumers Beware: Lawsuit Lenders Go Digital

April 16, 2015 | Insights

The "ugly" side of the Internet is in the eye of the beholder - but we tend to think the appearance of new sites that help fuel the growth of the lawsuit lending industry fall into that category. Read More »

Tags: Third Party Litigation Funding, Lawsuit Lending

In the News Today - April 16, 2015

April 16, 2015 | Insights

U.S. Bankruptcy Judge Robert Gerber ruled on Wednesday that GM can retain a bankruptcy shield protecting it from up to $10 billion in potential faulty ignition switch claims. Read More »

Madison County's "No. 1!" Ranking Has Out of State Plaintiffs' Lawyers Cheering, Local Taxpayers Footing the Bill

April 15, 2015 | Insights

You can almost hear the chants coming from Madison County, Illinois: "We're number 1! We're number 1! We're number 1!" Read More »

Tags: Lawsuit Abuse Impact, Class Actions, Asbestos, Illinois

In the News Today - April 15, 2015

April 15, 2015 | Insights

Thousands of businesses across the Tampa Bay area have received more than $5 billion to date in from BP in the past five years, including those located "as far inland as Plant City, even though no oil washed up on their shores." Despite this, the area has more claims filed in the settlement than any other region or state. (wtsp.com) Read More »

Tags: State Legal Reforms, Florida, West Virginia

New York Judge Sets Aside $11 Million Ford Asbestos Verdict

April 15, 2015 | Insights

New York Judge Barbara Jaffe set aside an $11 million verdict against Ford Motor Co. on Monday, finding that the plaintiff's general causation expert failed to establish a link between the plaintiff's mesothelioma-related death and his exposure to asbestos when working on automotive parts. Read More »

Tags: Asbestos, New York

In the News Today - April 14, 2015

April 14, 2015 | Insights

An editorial in The Wall Street Journal asks whether there were any actual victims in a "bizarre" Consumer Financial Protection Bureau (CFPB) case in which an $80 million settlement was reached with Ally Bank in 2013. The CFPB alleged interest rate discrimination against car buyers who were assumed-but never proved-to be minorities. (Wall Street Journal) Read More »

Tags: Class Actions, Class Actions Around the Globe, Pennsylvania

U.S. Chamber Applauds Enactment of Arkansas Law to Rein in Lawsuit Lending Abuses

April 03, 2015 | Press Release

Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), issued the following statement today applauding Governor Asa Hutchinson for signing into law a bill to rein in lawsuit lending abuses (SB 882). Read More »

Tags: Arkansas

U.S. Chamber Applauds Signing of Utah Outside Counsel Sunshine Law

March 31, 2015 | Press Release

Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), issued the following statement today applauding Governor Gary Herbert for signing the Attorney General Contingent Fee Contracts (S. B. 233) bill into law. Read More »

Tags: Utah

U.S. Chamber Warns Canadian Class Action Lawsuit System Increasingly Subject to Abuse

March 23, 2015 | Press Release

Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), today issued the following statement on the increasingly lax certification standards and growth of third party litigation funders that are making the Canadian class action lawsuit system more vulnerable to abuse. Rickard's comments accompany an ILR research paper, "Painting an Unsettling Landscape, Canadian Class Actions 2011-2014," being released today in Toronto: Read More »

U.S. Chamber Praises WV Legislature's Continued 'Historic' Passage of Legal Reforms, Urges Governor to Sign Bills

March 12, 2015 | Press Release

Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), made the following statement today about West Virginia's legislature passing SB 411 to combat "double dip" claims against asbestos bankruptcy trusts and in the tort system and SB 421 to protect against run-away jury awards, as well as urging Gov. Earl Ray Tomblin to sign them: Read More »

Tags: West Virginia

U.S. Chamber Comments on Consumer Financial Protection Bureau Arbitration Study

March 10, 2015 | Press Release

David Hirschmann, president and CEO of the U.S. Chamber of Commerce Center for Capital Markets Competitiveness (CCMC), and Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR) issued the following statement today on the Consumer Financial Protection Bureau's (CFPB) study of pre-dispute arbitration clauses: Read More »

Tags: Class Actions, Arbitration

Enforcement Slush Funds: Funding Federal and State Agencies with Enforcement Proceeds

Author: John H. Beisner, Geoffrey M. Wyatt and Jordan M. Schwartz, Skadden, Arps, Slate, Meagher & Flom LLP Andrew J. Pincus and Sean P. McDonnell, Mayer Brown LLP | March 25, 2015 | Research

This paper addresses the growing practice of federal law enforcement officials and state attorneys general using public money generated from litigation settlements for their own use or for their preferred projects and charities. Read More »

Tags: State Attorneys General

Painting an Unsettling Landscape: Canadian Class Actions 2011-2014

Author: John H. Beisner, Gary A. Rubin, Jordan Schwartz, Skadden, Arps, Slate, Meagher & Flom, LLP, Washington, DC
Gordon McKee, Will Morrison, Blake, Cassels & Graydon, LLP, Toronto, Ontario | March 23, 2015 | Research

This paper expounds upon notable developments in Canadian class actions and provides commentary on how businesses facing putative class actions in Canada can best defend against these lawsuits and participate in potential opportunities for reform. Read More »

Tags: Class Actions Around the Globe

The ILR Research Review

Author: Institute for Legal Reform | December 18, 2014 | Research

The second issue of the ILR Research Review offers valuable insights from our preeminent experts and specialists on key topics addressed in the latest of ILR's research reports. Read More »

Tags: Class Actions Around the Globe, False Claims Act, Foreign Corrupt Practices Act, Foreign Judgment Enforcement, Lawsuit Abuse Impact, State Attorneys General, State Legal Reforms

Lawsuit Ecosystem II: New Trends, Targets and Players

Author: Victor E. Schwartz & Cary Silverman, Shook, Hardy & Bacon LLP | December 04, 2014 | Research

This report, authored by a distinguished group of practitioners, explores the evolving lawsuit "ecosystem." It considers how plaintiffs' lawyers generate litigation and significant developments that will spur more lawsuits or rein in excessive liability. Read More »

Tags: State Legal Reforms, State Attorneys General, Securities Litigation Reform, Lawsuit Abuse Impact, False Claims Act, Class Actions, Asbestos

Laboratories of Tort Law: A Three-Year Review of Key State Supreme Court Decisions

Author: Victor E. Schwartz & Cary Silverman, Shook, Hardy & Bacon LLP | December 04, 2014 | Research

This report highlights significant tort law decisions over the past three years that are examples of particularly sound or unsound rulings. Each analysis examines the tort law principles involved, whether the court followed or deviated from these principles, and the court's reasoning in reaching its decision. Read More »

Tags: State Tort Reform, State Legal Reforms, Medical Liability, Lawsuit Abuse Impact, Class Actions, Asbestos

Unprincipled Prosecution: Abuse of Power and Profiteering in the New 'Litigation Swarm'

Author: Andrew J. Pincus, Mayer Brown LLP | October 21, 2014 | Research

This paper addresses the swarm litigation model of duplicative investigations and legal actions by government enforcement officials and the plaintiffs' bar. Corporate defendants faced with gargantuan monetary claims and the prospects of multi-year, multi-front litigation have little choice but settlement, regardless of the merits. Read More »

Tags: State Legal Reforms, State Attorneys General

The FIRREA Revival: Dredging Up Solutions to the Financial Crisis

Author: Michael Y. Scudder and Andrew M. Good, Skadden, Arps, Slate, Meagher & Flom, LLP | October 21, 2014 | Research

This paper explores the use of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) by the Department of Justice to investigate and prosecute cases arising out of the recent financial crisis, and highlights trends to watch for as DOJ expands its use of FIRREA. Read More »

Tags: False Claims Act

Perils and Pitfalls: Social Media Law and the Workplace

Author: Sara A. Begley, Joel S. Barras, Divonne Smoyer, and Amanda D. Haverstick, Reed Smith LLP | October 21, 2014 | Research

This paper discusses why and how the increase in workplace social media use presents U.S. employers with considerable risks. The uncertain legal environment created by the inconsistency among state privacy statutes and recent ad hoc social media rulings by the NLRB make social media a high risk area for U.S. businesses. Read More »

Tags: State Legal Reforms

Federal Cases from Foreign Places: How the Supreme Court Has Limited Foreign Disputes From Flooding U.S. Courts

Author: George T. Conway III, Wachtell, Lipton, Rosen & Katz, John Bellinger, III and R. Reeves Anderson, Arnold & Porter LLP, James L. Stengel, Orrick, Herrington & Sutcliffe LLP | October 21, 2014 | Research

This collection of essays examines the shifting legal landscape of federal claims by foreign plaintiffs in the federal courts and focuses on the most common statutes invoked by foreign plaintiffs, as well as the threshold issues of personal jurisdiction and pleading standards that govern such suits. Read More »

Tags: Foreign Judgment Enforcement, Foreign Corrupt Practices Act

An Oversight Regime for Litigation Funding in Australia

September 02, 2014 | Research

This paper discusses the issues associated with third party litigation financing (TPLF) and explains why Commonwealth oversight of the industry is required. It proposes that a licencing regime applicable to TPLF funders ("litigation funders") be introduced to ensure adequate regulation of the industry. Read More »

Tags: Third Party Litigation Funding

The Enforcement Prism: Principled Prosecution or Profiteering?

October 24, 2014 | Video

This panel explores the mosaic of serial enforcement by federal and state regulatory agencies, state attorneys general, and the plaintiffs' bar; the growth in civil penalties; regulation through litigation; and how to achieve the appropriate enforcement balance. Watch »

The Two-Way Mirror: Political Landscape and 2014 Elections Outlook

October 24, 2014 | Video

Insights on the current political landscape, mood of the electorate, and outlook on the 2014 elections. Watch »

Liability Refraction: Digital Technology and Privacy

October 24, 2014 | Video

This panel will explore digital technology and privacy issues that give rise to liability, and will include a discussion of social media and employer liability; the Telephone Consumer Protection Act; and the recent EU Privacy Initiative and "The Right To Be Forgotten." Watch »

As Seen Through the Crystal Ball: The Future of Securities Class Actions

October 24, 2014 | Video

This panel addresses securities litigation post-Halliburton, offer proposed legislative reforms, discuss fee-shifting in Delaware and elsewhere, and consider the real-world effects of securities litigation on corporate governance. Watch »

Reflecting Upon The Restatements: A Discussion with the American Law Institute

October 24, 2014 | Video

This presentation reflects upon the American Law Institute and the Restatements, specifically what they are and how they are developed, which Restatements are currently under consideration by ALI, and how the business community can best engage in the process as those Restatements are formulated. Watch »

Welcoming Remarks

October 24, 2014 | Video

Watch »

A Cracked Looking Glass: Attorney Fraud and the Lack of Accountability

October 24, 2014 | Video

This panel explores attorney fraud in the Chevron case, manipulation in asbestos cases, and ramifications of a lack of accountability within the profession. Watch »

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