News & Blog

In The News Today - March 2, 2015

March 02, 2015 | Citing investigations in the U.S. by the Department of Justice, Credit Suisse Group AG announced that it was reducing its fourth quarter profit by 25%.

West Virginia Senate Passes Asbestos Trust Transparency Legislation

March 02, 2015 | On Friday, the West Virginia Senate unanimously passed the Asbestos Bankruptcy Trust Claims Transparency Act and the Asbestos and Silica Claims Priorities Act. The bill sets out standards and procedures for the handling of certain asbestos and silica claims and, importantly, requires the disclosure of any existing or potential asbestos bankruptcy trust claims.

In The News Today - March 2, 2015

March 02, 2015 | Insights

Citing investigations in the U.S. by the Department of Justice, Credit Suisse Group AG announced that it was reducing its fourth quarter profit by 25%. Read More »

Tags: Class Actions, Louisiana, Pennsylvania

West Virginia Senate Passes Asbestos Trust Transparency Legislation

March 02, 2015 | Insights

On Friday, the West Virginia Senate unanimously passed the Asbestos Bankruptcy Trust Claims Transparency Act and the Asbestos and Silica Claims Priorities Act. The bill sets out standards and procedures for the handling of certain asbestos and silica claims and, importantly, requires the disclosure of any existing or potential asbestos bankruptcy trust claims. Read More »

Tags: Asbestos, West Virginia

Class Action Reform at Ten Years

Author: Lisa A. Rickard | February 27, 2015 | Insights

This morning, the House Judiciary Committee held a hearing commemorating the tenth anniversary of the passage of the Class Action Fairness Act. Read More »

Tags: Class Actions, Illinois, California

In The News Today - February 27, 2015

February 27, 2015 | Insights

New York Attorney General Eric Schneiderman is seeking support for a proposal to offer rewards and protections for "whistle-blowers" who provide information about securities fraud if it generates penalties and fines exceeding $1 million. Read More »

Tags: Legal Ethics, New York, Nevada

In The News Today - February 26, 2015

February 26, 2015 | Insights

ILR's Faces of Lawsuit Abuse commends the Supreme Court for "letting John Yates off the hook" in Yates v. United States, a case wherein the fisherman was alleged to have destroyed a "tangible object" in violation of the Sarbanes-Oxley Act when released three fish into the ocean. Read More »

Tags: Asbestos

U.S. Chamber Applauds West Virginia Legislature's Passage of Landmark Legal Reform, Urges Governor to Sign

February 25, 2015 | Press Release

Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), made the following statement about West Virginia's legislature passing a landmark bill to reform the state's joint and several liability laws, and urging Gov. Earl Ray Tomblin to sign House Bill 2002 into law: Read More »

Tags: State Legal Reforms, West Virginia

Scandal 'Plaintiff-Buying' Scheme Just Business as Usual?

February 25, 2015 | Insights

At the heart of the charges against former New York Assembly Speaker Sheldon Silver is a "plaintiff-buying" scheme which Washington Examiner today notes may be an insidious ongoing practice in the domain of asbestos litigation. Read More »

Tags: Asbestos

Law Prof Traces Deceptive Practices in Garlock's RICO Cases to Baron & Budd Law Firm

February 25, 2015 | Insights

Legal Scholar Lester Brickman's memo in the Garlock Sealing Technologies bankruptcy traces the roots of "many of the firms Garlock claimed were manipulating their clients' evidence" to Baron & Budd Law Firm. Read More »

Tags: Discovery

In The News Today - February 25, 2015

February 25, 2015 | Insights

Goodyear Tire & Rubber Co. has settled with the U.S. Securities and Exchange Commission for $16 million over foreign-bribery charges after self-reporting the wrongdoing more than two years ago. Read More »

Tags: Legal Ethics

Law Professor Memo Asserts Discovery Abuse by Plaintiffs Firms in Garlock Case

February 24, 2015 | Insights

A memo submitted by a law professor to federal Judge George Hodges in the Garlock Sealing Technologies' bankruptcy proceedings alleges discovery abuse by plaintiffs' firms. Read More »

Tags: Asbestos, Discovery

In The News Today - February 24, 2015

February 24, 2015 | Insights

Indiana Attorney General Greg Zoeller met with the Federal Communications Commission (FCC) on Monday to oppose a recent attempt by industry groups to reform the key Telephone Consumer Protection Act (TCPA). Read More »

Tags: Telephone Consumer Protection Act (TCPA)

In The News Today - March 2, 2015

March 02, 2015 | Insights

Citing investigations in the U.S. by the Department of Justice, Credit Suisse Group AG announced that it was reducing its fourth quarter profit by 25%. Read More »

Tags: Class Actions, Louisiana, Pennsylvania

West Virginia Senate Passes Asbestos Trust Transparency Legislation

March 02, 2015 | Insights

On Friday, the West Virginia Senate unanimously passed the Asbestos Bankruptcy Trust Claims Transparency Act and the Asbestos and Silica Claims Priorities Act. The bill sets out standards and procedures for the handling of certain asbestos and silica claims and, importantly, requires the disclosure of any existing or potential asbestos bankruptcy trust claims. Read More »

Tags: Asbestos, West Virginia

Class Action Reform at Ten Years

Author: Lisa A. Rickard | February 27, 2015 | Insights

This morning, the House Judiciary Committee held a hearing commemorating the tenth anniversary of the passage of the Class Action Fairness Act. Read More »

Tags: Class Actions, Illinois, California

In The News Today - February 27, 2015

February 27, 2015 | Insights

New York Attorney General Eric Schneiderman is seeking support for a proposal to offer rewards and protections for "whistle-blowers" who provide information about securities fraud if it generates penalties and fines exceeding $1 million. Read More »

Tags: Legal Ethics, New York, Nevada

In The News Today - February 26, 2015

February 26, 2015 | Insights

ILR's Faces of Lawsuit Abuse commends the Supreme Court for "letting John Yates off the hook" in Yates v. United States, a case wherein the fisherman was alleged to have destroyed a "tangible object" in violation of the Sarbanes-Oxley Act when released three fish into the ocean. Read More »

Tags: Asbestos

Scandal 'Plaintiff-Buying' Scheme Just Business as Usual?

February 25, 2015 | Insights

At the heart of the charges against former New York Assembly Speaker Sheldon Silver is a "plaintiff-buying" scheme which Washington Examiner today notes may be an insidious ongoing practice in the domain of asbestos litigation. Read More »

Tags: Asbestos

Law Prof Traces Deceptive Practices in Garlock's RICO Cases to Baron & Budd Law Firm

February 25, 2015 | Insights

Legal Scholar Lester Brickman's memo in the Garlock Sealing Technologies bankruptcy traces the roots of "many of the firms Garlock claimed were manipulating their clients' evidence" to Baron & Budd Law Firm. Read More »

Tags: Discovery

In The News Today - February 25, 2015

February 25, 2015 | Insights

Goodyear Tire & Rubber Co. has settled with the U.S. Securities and Exchange Commission for $16 million over foreign-bribery charges after self-reporting the wrongdoing more than two years ago. Read More »

Tags: Legal Ethics

Law Professor Memo Asserts Discovery Abuse by Plaintiffs Firms in Garlock Case

February 24, 2015 | Insights

A memo submitted by a law professor to federal Judge George Hodges in the Garlock Sealing Technologies' bankruptcy proceedings alleges discovery abuse by plaintiffs' firms. Read More »

Tags: Asbestos, Discovery

In The News Today - February 24, 2015

February 24, 2015 | Insights

Indiana Attorney General Greg Zoeller met with the Federal Communications Commission (FCC) on Monday to oppose a recent attempt by industry groups to reform the key Telephone Consumer Protection Act (TCPA). Read More »

Tags: Telephone Consumer Protection Act (TCPA)

DOJ's Decade-long Look at Eli Lilly Underscores Culture of Enforcement Overreach, Duplicative Investigations

February 23, 2015 | Insights

In a case that shows how such "probes can drag on for years as some of the activity in question become decades old" - Ely Lilly & Co. only recently learned it is no longer under investigation by the Department of Justice, eleven years after the investigation's start. Read More »

U.S. Chamber Applauds West Virginia Legislature's Passage of Landmark Legal Reform, Urges Governor to Sign

February 25, 2015 | Press Release

Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), made the following statement about West Virginia's legislature passing a landmark bill to reform the state's joint and several liability laws, and urging Gov. Earl Ray Tomblin to sign House Bill 2002 into law: Read More »

Tags: State Legal Reforms, West Virginia

U.S. Chamber Commends House Judiciary Committee Hearing on Asbestos Trust Transparency Legislation

February 04, 2015 | Press Release

Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), made the following statement regarding today's hearing on the "Furthering Asbestos Claim Transparency (FACT) Act of 2015" (H.R. 526) in the U.S. House Judiciary Committee. The legislation would require asbestos personal injury settlement trusts, which currently operate with little oversight and transparency, to report on their claims. Read More »

Tags: Asbestos

U.S. Chamber Comments on Asbestos Litigation Abuses in Wake of New York Assembly Speaker Indictment

January 22, 2015 | Press Release

Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform, issued the following statement today in the wake of the indictment of the New York Assembly Speaker. Read More »

Tags: Legal Ethics, Asbestos, New York

U.S. Chamber Releases Most Ridiculous Lawsuits of 2014

December 22, 2014 | Press Release

A plaintiff in a pending disability lawsuit being caught on video knocking over a large, historic boulder tops our survey of the Top Ten Most Ridiculous Lawsuits of 2014. Read More »

Tags: Lawsuit Abuse Impact

U.S. Chamber Research Shows Surge of Telemarketing Lawsuits, Outlier State Supreme Court Rulings Top Legal Trends

December 05, 2014 | Press Release

New Research Examines Leading Lawsuit Trends, State Supreme Court Decisions Read More »

U.S. Chamber Applauds CSX RICO Case Victory Over Fraud and Abuse in Asbestos Litigation

Author: Justin Hakes | November 07, 2014 | Press Release

Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), made the following statement today about the settlement of a RICO lawsuit against several asbestos attorneys and a radiologist by CSX Transportation for fabricating and litigating fraudulent asbestos claims against the company. Read More »

Tags: Asbestos, Legal Ethics

Wisconsin Legislators Receive ILR's State Legislative Achievement Award

Author: Justin Hakes | October 21, 2014 | Press Release

Read More »

Mayer Brown's Pincus Receives ILR's Research & Policy Award

Author: Justin Hakes | October 21, 2014 | Press Release

Read More »

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

Following Each Other's Lead: Law Reform in Latin America

August 05, 2014 | Research

Legal systems are dynamic, continually evolving, and adapting to the changing norms of society. These adaptations can be found in all areas of law, all over the world. Revisions to the law often follow regional trends. This is certainly true in Latin America. Read More »

Class Action Evolution: Improving the Litigation Climate in Brazil

Author: Fernando Dantas M. Neustein, Mattos Muriel Kestener | August 05, 2014 | Research

This paper explores the current state of class actions in Brazil and discusses proposed legislative changes before the Brazilian Senate. Read More »

Tags: International Judiciary Impact, Class Actions Around the Globe

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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