News & Blog

Media Highlights Transparency Ruling in Garlock Case

July 25, 2014 | Yesterday, we reported about a federal judge's ruling that "evidence of alleged fraud" on the part of asbestos attorneys in the Garlock case should not have been sealed. A number of media have followed up on this story today.

In The News Today - July 24, 2014

July 24, 2014 | Over two decades, Dr. William LaCorte, of Metairie, Louisiana, has filed twelve "whistleblower" lawsuits accusing health care companies of "defrauding taxpayer-funded programs such as Medicare."

Media Highlights Transparency Ruling in Garlock Case

July 25, 2014 | Insights

Yesterday, we reported about a federal judge's ruling that "evidence of alleged fraud" on the part of asbestos attorneys in the Garlock case should not have been sealed. A number of media have followed up on this story today. Read More »

In The News Today - July 24, 2014

July 24, 2014 | Insights

Over two decades, Dr. William LaCorte, of Metairie, Louisiana, has filed twelve "whistleblower" lawsuits accusing health care companies of "defrauding taxpayer-funded programs such as Medicare." Read More »

Tags: Legal Ethics, Louisiana, Ohio

Judge Sides With Legal Newsline, Overturns Sealing of Fraud Evidence Against Asbestos Attorneys

July 24, 2014 | Insights

U.S. District Judge Max O. Cogburn, Jr., in response to a motion filed by Legal Newsline "to keep the bankruptcy estimation trial of Garlock Sealing Technologies open to the public," ruled this week that "evidence of alleged fraud" on the part of asbestos attorneys should not have been sealed. Read More »

Tags: Asbestos

NPR Cites ILR in Highlighting Impact of 'Garlock' Bankruptcy Ruling

July 24, 2014 | Insights

National Public Radio featured ILR Executive Vice President Harold Kim in a story about the landmark "Garlock" decision handed down earlier this year. Read More »

Tags: Asbestos

First Test of Delaware Fee-Shifting Ruling Heats Up

July 23, 2014 | Insights

Earlier this month, Hemispherx BioPharma Inc. adopted a corporate bylaw that would force the plaintiffs' in a pending shareholder lawsuit against the company to "cover the company's legal frees if they didn't win the suit." Read More »

Tags: Delaware

In The News Today - July 23, 2014

July 23, 2014 | Insights

The 2nd U.S. Circuit Court of Appeals in New York ruled that Travelers Companies should pay more than $500 million "to satisfy asbestos-related claims stemming from its coverage of policyholder Johns-Manville Corp," reversing a lower court ruling. Read More »

Tags: Asbestos, New York

Capital One Agrees to Largest-Ever TCPA Class Action Settlement

July 22, 2014 | Insights

Capital One and several other collection agencies have agreed to settle class claims that they "called individuals on their mobile devices without their consent" in violation of the Telephone Consumer Protection Act (TCPA), reports BloombergBNA. The settlement, of more than $75 million, was filed July 14 in U.S. District Court for the Northern District of Illinois. Read More »

In The News Today - July 22, 2014

July 22, 2014 | Insights

A U.S. District Judge has ordered a New Orleans law firm to return $357,000 that was paid to a client "based on allegedly fraudulent claims" as part of the BP Gulf Oil Spill settlement. Read More »

Tags: Louisiana, Pennsylvania

House Bill Would Limit 'Energy Star' Class Actions

July 21, 2014 | Insights

After 2010 congressional testing found that the many consumer products carrying the Energy Star label "did not deserve the listing", a "wave of class action lawsuits" was filed against the companies that manufacture the products. Read More »

In The News Today - July 21, 2014

July 21, 2014 | Insights

The unprecedented $23.6 billion punitive damages verdict handed down against RJ Reynolds Tobacco Company last week is "likely to be rejected on appeal or the award reduced substantially," according to legal experts. Read More »

Tags: Louisiana

Patent Troll, Litigious Gambler Headline Two New Videos Released at FacesofLawsuitAbuse.org

July 18, 2014 | Insights

A homebuilder who has become the target of a patent troll, and a gambler who is suing a Las Vegas casino after losing big while "blackout" drunk are the subjects of two new videos released at FacesofLawsuitAbuse.org. Read More »

Tags: Nevada, Oregon

Media Highlights Transparency Ruling in Garlock Case

July 25, 2014 | Insights

Yesterday, we reported about a federal judge's ruling that "evidence of alleged fraud" on the part of asbestos attorneys in the Garlock case should not have been sealed. A number of media have followed up on this story today. Read More »

In The News Today - July 24, 2014

July 24, 2014 | Insights

Over two decades, Dr. William LaCorte, of Metairie, Louisiana, has filed twelve "whistleblower" lawsuits accusing health care companies of "defrauding taxpayer-funded programs such as Medicare." Read More »

Tags: Legal Ethics, Louisiana, Ohio

Judge Sides With Legal Newsline, Overturns Sealing of Fraud Evidence Against Asbestos Attorneys

July 24, 2014 | Insights

U.S. District Judge Max O. Cogburn, Jr., in response to a motion filed by Legal Newsline "to keep the bankruptcy estimation trial of Garlock Sealing Technologies open to the public," ruled this week that "evidence of alleged fraud" on the part of asbestos attorneys should not have been sealed. Read More »

Tags: Asbestos

NPR Cites ILR in Highlighting Impact of 'Garlock' Bankruptcy Ruling

July 24, 2014 | Insights

National Public Radio featured ILR Executive Vice President Harold Kim in a story about the landmark "Garlock" decision handed down earlier this year. Read More »

Tags: Asbestos

First Test of Delaware Fee-Shifting Ruling Heats Up

July 23, 2014 | Insights

Earlier this month, Hemispherx BioPharma Inc. adopted a corporate bylaw that would force the plaintiffs' in a pending shareholder lawsuit against the company to "cover the company's legal frees if they didn't win the suit." Read More »

Tags: Delaware

In The News Today - July 23, 2014

July 23, 2014 | Insights

The 2nd U.S. Circuit Court of Appeals in New York ruled that Travelers Companies should pay more than $500 million "to satisfy asbestos-related claims stemming from its coverage of policyholder Johns-Manville Corp," reversing a lower court ruling. Read More »

Tags: Asbestos, New York

Capital One Agrees to Largest-Ever TCPA Class Action Settlement

July 22, 2014 | Insights

Capital One and several other collection agencies have agreed to settle class claims that they "called individuals on their mobile devices without their consent" in violation of the Telephone Consumer Protection Act (TCPA), reports BloombergBNA. The settlement, of more than $75 million, was filed July 14 in U.S. District Court for the Northern District of Illinois. Read More »

In The News Today - July 22, 2014

July 22, 2014 | Insights

A U.S. District Judge has ordered a New Orleans law firm to return $357,000 that was paid to a client "based on allegedly fraudulent claims" as part of the BP Gulf Oil Spill settlement. Read More »

Tags: Louisiana, Pennsylvania

House Bill Would Limit 'Energy Star' Class Actions

July 21, 2014 | Insights

After 2010 congressional testing found that the many consumer products carrying the Energy Star label "did not deserve the listing", a "wave of class action lawsuits" was filed against the companies that manufacture the products. Read More »

In The News Today - July 21, 2014

July 21, 2014 | Insights

The unprecedented $23.6 billion punitive damages verdict handed down against RJ Reynolds Tobacco Company last week is "likely to be rejected on appeal or the award reduced substantially," according to legal experts. Read More »

Tags: Louisiana

Patent Troll, Litigious Gambler Headline Two New Videos Released at FacesofLawsuitAbuse.org

July 18, 2014 | Insights

A homebuilder who has become the target of a patent troll, and a gambler who is suing a Las Vegas casino after losing big while "blackout" drunk are the subjects of two new videos released at FacesofLawsuitAbuse.org. Read More »

Tags: Nevada, Oregon

U.S. Chamber Applauds Signing of Louisiana Law to Curb 'Legacy Lawsuit' Abuses

June 03, 2014 | Press Release

Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), issued a statement today regarding Louisiana Gov. Bobby Jindal's signing of Senate Bill 667 to curb "legacy lawsuit" abuses against the oil and gas industry. Read More »

U.S. Chamber Commends Senate Introduction of Asbestos Trust Transparency Legislation

Author: Justin Hakes | May 13, 2014 | Press Release

WASHINGTON, D.C.-Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), made the following statement regarding the introduction of the "Furthering Asbestos Claim Transparency (FACT) Act of 2014" (S. 2319) yesterday in the U.S. Senate. Read More »

Tags: Asbestos

U.S. Chamber: FL Supreme Court Medical Malpractice Ruling Will Make State's Lawsuit Climate Even Worse

March 13, 2014 | Press Release

Harold Kim, executive vice president of the U.S. Chamber Institute for Legal Reform (ILR) issued the following statement today on the Florida State Supreme Court's decision in the case of Estate of Michelle Evette McCall v. United States of America concerning the constitutionality of Florida's medical malpractice law. Read More »

Tags: Medical Liability, Florida

U.S. Chamber Study: Investors Incur Significant Losses Due to Securities Class Actions

Author: Justin Hakes | February 28, 2014 | Press Release

Securities class action lawsuits cost investors nearly $39 billion per year, while recovering only $5 billion, according to a study released today by Navigant Consulting on behalf of the U.S. Chamber Institute for Legal Reform (ILR). The mere filing of a lawsuit erases 4.4% of shareholder value. Read More »

Tags: Securities Litigation Reform, Class Actions

New U.S. Chamber Research Shows Costs of Securities Class Action Lawsuits Outweigh Benefits to Investors

February 05, 2014 | Press Release

ILR released a new white paper which demonstrates the "irrationality and ineffectiveness" of securities class actions, and concludes that the costs that they impose on investors outweigh any benefits. Read More »

Tags: Securities Litigation Reform

U.S. Chamber Comments on Landmark U.S. Supreme Court Securities Class Actions Challenge

January 30, 2014 | Press Release

Statement by ILR President Lisa A. Rickard on the Halliburton v. Erica P. John Fund U.S. Supreme Court case in response to Wednesday's filing of the respondent's brief. Read More »

Tags: Securities Litigation Reform, Class Actions

New U.S. Chamber Report Finds that Failure to Enforce Court Rules Contributes to West Virginia's Poor Litigation Environment

January 14, 2014 | Press Release

A new ILR report finds that court rules designed to bring fairness and balance to asbestos litigation in West Virginia have been ignored, contributing to the state's poor legal environment. Read More »

Tags: Asbestos, West Virginia

U.S. Chamber Releases Most Ridiculous Lawsuits of 2013

December 23, 2013 | Press Release

A group of Idaho inmates' lawsuit blaming eight brewers for causing their lives of crime tops ILR's survey of the top 10 most ridiculous lawsuits of 2013. Read More »

Tags: Lawsuit Abuse Impact

U.S. Chamber Denounces Santa Clara County Court's Lead Paint Ruling

December 17, 2013 | Press Release

ILR President Lisa A. Rickard issued the following statement today denouncing the Santa Clara County Superior Court's decision to expand liability to companies for selling products that they had no way of knowing could harm consumers. Read More »

Tags: Environmental Litigation, California

New U.S. Chamber Reports Reveal Cook and Madison Counties Harm Illinois' Lawsuit Climate

December 17, 2013 | Press Release

A pair of new reports released today by ILR spotlight how abusive litigation in Cook and Madison counties is hurting Illinois' lawsuit climate. Read More »

Tags: State Legal Reforms, Asbestos, Illinois

The ILR Research Review

Author: Institute for Legal Reform | July 08, 2014 | Research

ILR is pleased to announce the release of the inaugural issue of the ILR Research Review, which offers valuable insights from our preeminent experts and specialists on key topics addressed in the latest of our innovative advocacy and economic papers. Read More »

Tags: Securities Litigation Reform, Class Actions Around the Globe, Class Actions

Ripe for Reform: Improving the Australian Class Action Regime

Author: Moira Saville and Peta Stevenson, King & Wood Mallesons | May 13, 2014 | Research

Authored by Moira Saville and Peta Stevenson of King & Wood Mallesons, this paper explores the Australian federal class action regime model. Read More »

Tags: Third Party Litigation Funding, International Judiciary Impact, Class Actions Around the Globe

As Kiobel Turns One, Its Effect Remains Unclear

May 02, 2014 | Research

Authored by John Bellinger, III and Reeves Anderson of Arnold Porter LLP, this paper takes a look back at the impact of the U.S. Supreme Court's April 27, 2013 Kiobel v. Royal Dutch Petroleum decision. Read More »

Tags: Foreign Judgment Enforcement

Unclaimed Property - Best Practices for State Administrators and the Use of Private Audit Firms

Author: Maeve L. O'Connor, Debevoise & Plimpton LLP | April 15, 2014 | Research

Authored by Maeve O'Connor of Debevoise & Plimpton, this best practices guide offers recommendations to unclaimed property administrators who engage private audit firms to ensure responsible and fair enforcement of state unclaimed property laws. In recent years, states have heightened their reliance on private audit firms to collect purportedly unclaimed property on behalf of the state in exchange for a contingency fee. Read More »

Tags: State Legal Reforms

Economic Consequences: The Real Costs of U.S. Securities Class Action Litigation

Author: Mukesh Bajaj, Nikolai Caswell, Anand Goel, Sumon C. Mazumdar, and Rahul Surana, Navigant Consulting | February 28, 2014 | Research

The recent decision of the U.S. Supreme Court to hear an appeal in Halliburton v. Erica P. John Fund has revived the questions about the societal utility of securities fraud class action lawsuits. Since the passage of the Private Securities Litigation Reform Act (PSLRA) in 1995, thousands of such class action lawsuits have been filed alleging trillions in shareholder damages. Read More »

Tags: Securities Litigation Reform, Class Actions

Frequent Filers: The Problems of Shareholder Lawsuits and the Path to Reform

Author: Stephen J. Choi, New York University School of Law; Jessica Erickson, University of Richmond School of Law; & Adam C. Pritchard, University of Michigan School of Law | February 27, 2014 | Research

Frequent filers - professional plaintiff investors who file lawsuit after lawsuit - have been a long-standing phenomenon in shareholder litigation in both state and federal courts. Nearly twenty years ago, Congress attempted to remove professional plaintiffs from federal securities class actions by adopting the Private Securities Litigation Reform Act (PSLRA) of 1995. Yet, this legislation fell short of achieving its goal of eliminating professional plaintiffs. Read More »

Tags: Securities Litigation Reform, Lawsuit Abuse Impact, Mississippi, Louisiana

What's Wrong with Securities Class Action Lawsuits?

Author: Andrew J. Pincus, Mayer Brown LLP | February 05, 2014 | Research

The Halliburton v. Erica P. John Fund case now before the Supreme Court involves the validity of the "fraud on the market" principle, which relieves a plaintiff of the obligation to prove reliance on a false statement - a legally required element of securities fraud - by creating a presumption of reliance based on economic theories regarding the assumed efficiency of securities markets. Read More »

Tags: Securities Litigation Reform, Class Actions

Obstacles to Fair Trial: Asbestos Cases in West Virginia

Author: U.S. Chamber Institute for Legal Reform | January 14, 2014 | Research

This report addresses the current state of asbestos litigation in West Virginia, which has become an increasingly critical issue to West Virginia's civil justice system over the past few decades. Read More »

Tags: Asbestos, West Virginia

A Docket on the Brink: Asbestos Litigation in Cook County

Author: Mark Behrens, Shook, Hardy & Bacon L.L.P. | December 17, 2013 | Research

This paper describes the development of the asbestos docket in Cook County and the evolution of current issues that threaten the administration of justice in asbestos cases. The paper also describes some options for defendants confronting these issues. However, absent reform in the administration of the docket, Cook County appears destined to continue on a path toward notoriety. Read More »

Tags: State Legal Reforms, Asbestos, Illinois

Litigating in the Field of Dreams: Asbestos Cases in Madison County

Author: James L. Stengel, Orrick, Herrington & Sutcliffe LLP | December 17, 2013 | Research

Although it is in its early days in terms of the abandonment of the trial assignment scheme, Madison County seems poised to play a substantial and continuing role as a "clearinghouse" jurisdiction in the next chapter of the unfolding drama that is asbestos litigation: lung cancers. This paper is, in part, an update of ILR's 2010 publication, but with new information and analysis to bring it current to today's issues and challenges. Read More »

Tags: State Legal Reforms, Asbestos, Illinois

The Past, Present, and Future of Securities Class Actions

March 10, 2014 | Video

The Honorable Troy A. Paredes, Former Commissioner, U.S. Securities and Exchange Commission Introduced by: David Hirschmann, President, Center for Capital Markets Competitiveness Watch »

Opening Remarks of the 14th Annual Legal Reform Summit

October 24, 2013 | Video

Lisa A. Rickard, President, U.S. Chamber Institute for Legal Reform, delivers the opening remarks at the 14th Annual Legal Reform Summit. Watch »

A Hard Pill to Swallow: Privacy in the Digital Age

October 24, 2013 | Video

At the 14th Annual Legal Reform Summit, this cutting edge panel addressed the importance of cybersecurity to government and businesses. The panel also offered a perspective from the Federal Trade Commission on the rise in data privacy-related suits and areas of liability for companies. Watch »

The Litigation Pandemic: The Rapid Spread of US-Style Litigation Around the Globe

October 24, 2013 | Video

At the 14th Annual Legal Reform Summit, this panel explored how class actions and other aspects of US-style litigation are taking hold in countries around the world, and to what effect. Watch »

Tags: Third Party Litigation Funding, Class Actions Around the Globe, Class Actions

Curing What Ails the False Claims Act: Promoting Compliance and Taxpayer Savings

October 24, 2013 | Video

At the 14th Annual Legal Reform Summit, this panel addressed trends and problems in False Claims Act (FCA) litigation, both on the federal and state level. It included a conversation about proposed federal FCA reforms. Watch »

Tags: False Claims Act

2013 Legal Reform Awards

October 24, 2013 | Video

At the 14th Annual Legal Reform Summit, Institute for Legal Reform President Lisa A. Rickard presented the 2013 Legal Reform Awards. Watch »

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