ILR in the News
November 15, 2012
New York Times | November 15, 2012
With billions of dollars in potential fines and foreign investment in the balance, the Justice Department and the Securities and Exchange Commission on Wednesday released long-awaited guidance on how prosecutors interpret and enforce a federal anticorruption law that bans American businesses from bribing officials overseas.
ThomsonReuters | November 15, 2012
U.S. officials have decided not to prosecute companies accused of bribing officials in foreign countries when the companies disclosed the conduct to authorities, fired responsible employees and took steps to improve compliance with the law, according to a government document released on Wednesday.
November 13, 2012
Business Insurance | November 13, 2012
The results of last week's elections could have significant implications for the evolution of tort reform laws in several states, while little is expected to change at the federal level, legal experts said.
Tags: Lawsuit Abuse Impact
November 8, 2012
Nine Out of Ten Voters Say 'Meritless' Lawsuits are a Serious Problem, Support Continued Legal ReformsInstitute for Legal Reform | November 8, 2012
The U.S. Chamber Institute for Legal Reform (ILR) released a national survey that reveals 89% of voters who cast ballots in Tuesday’s election believe there are too many “meritless” lawsuits, while eight out of ten want the next Congress to continue reforming the legal system.
Tags: Lawsuit Abuse Impact
November 6, 2012
Wall Street Journal | Subscription Required | November 6, 2012
Over the next few years, the Justices are likely to hear cases on issues including the future of class-action lawsuits, environmental litigation and financial regulations flowing from Dodd-Frank.
ThomsonReuters | November 6, 2012
For most companies, settling shareholder suits that pop up in the wake of merger announcements has become a cost of doing business. Settlements routinely involve a few hundred thousand dollars to the plaintiffs' lawyers in exchange for a few extra disclosures in deal documents. The U.S. Chamber of Commerce has attacked the phenomenon, dubbing it "the trial lawyers' new merger tax," but in the main, corporations would rather pay to make the suits go away than delay deals by fighting them.
November 5, 2012
WSJ.com Corruption Currents | November 5, 2012
Following a series of trial setbacks over the last year, the Eastern District of Virginia’s “rocket docket” could be the home field advantage the Justice Department’s foreign bribery squad has been looking for.
The Lawyer | November 5, 2012
Third-party funders must accept statutory regulation to protect the integrity of the justice system.
November 1, 2012
Institute for Legal Reform | November 1, 2012
At the U.S. Chamber Institute for Legal Reform’s annual legal-reform summit, ILR released a proposal for the federal regulation of third-party investments in litigation, a type of third-party litigation financing. ILR’s paper (available here) included commonsense suggestions for safeguards against the real risks to the administration of civil justice posed by TPLF.
ThomsonReuters | November 1, 2012
When the U.S. Chamber of Commerce called last week for the regulation of third-party litigation funders, Juridica Investments Ltd appeared to be one of the top ones on the business lobby's target list. A Chamber report criticizing the industry made several references to Juridica, which is today the second-largest publicly traded funder operating in the United States.
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From The Blog
Today, the Colorado Court of Appeals ruled unanimously that lawsuit lenders cannot duck the state’s consumer lending...
The Oklahoma House of Representatives passed a bill (SB 1016) Wednesday to curb lawsuit lending abuses that will now...