Delaware

We’re number 1! Currently, Delaware boasts the best lawsuit climate in America. For nine consecutive times now The First State has come in first in lawsuit fairness.

Delaware at a Glance

NERA Study: Impact of Lawsuit Reform Get the Full Report
$73 Potential Tort Cost
Reduction ($1,000,000)
0.28% - 0.76% Potential Increase
in Employment

All Results for Delaware

In The News Today - June 29, 2015

June 29, 2015 | Insights

ILR President Lisa A. Rickard was quoted on Delaware's recent passage of a law banning fee-shifting corporate bylaws but permitting forum selection, a provision some say ensures the state's ability to filter out meritless lawsuits. "The business world will be watching carefully to see if that promise holds true," she said. (Insurance Journal) Read More »

Tags: Delaware

Reuters Quotes ILR's Lisa Rickard in Story about Fee-Shifting Ban

June 26, 2015 | Insights

ILR President Lisa A. Rickard was quoted by Reuters on the recent signage of a law that bans Delaware companies from adopting fee-shifting bylaws. The bylaws are a method of curbing meritless shareholder litigation by forcing investors who bring unsuccessful lawsuits to pay the company's legal costs. Read More »

Tags: Delaware

In The News Today - June 16, 2015

June 16, 2015 | Insights

ILR's Harold Kim told Business Insurance that an anti-fee shifting bill in Delaware "would eliminate an important mechanism that corporations invoke to protect innocent shareholders against the costs of abusive legislation without providing an adequate replacement tool to deter the filing and prosecution of these illegitimate actions." (Business Insurance) Read More »

Tags: Delaware

Delaware as Nation's Corporation HQ Threatened by New Anti-Fee-Shifting Legislation

June 11, 2015 | Insights

Former SEC Commissioner Paul Atkins writes that Delaware risks "eroding its vaunted position" as the "undisputed champion of where companies choose to call home" if its legislature passes a bill preventing corporations from adopting fee-shifting bylaws. Read More »

Tags: Securities Litigation Reform, Delaware

In the News Today - May 20, 2015

May 20, 2015 | Insights

An anti-fee-shifting measure approved by the Delaware state Senate last week is moving to the lower House. SB 75 would prevent companies from adopting bylaws that force activist shareholders to assume attorneys' fees when they file unsuccessful lawsuits over the decisions of corporate officers. (Delaware Law Weekly) Read More »

Tags: Class Actions, Delaware

Delaware Senate Passes Bill Banning Fee-Shifting Bylaws

May 13, 2015 | Insights

Yesterday, the Delaware Senate passed legislation that would bar companies from forcing the losers of shareholder lawsuits to cover both parties' legal fees. Critics of the bill, including the U.S. Chamber Institute for Legal Reform, claim it will take away an important tool for combating abusive lawsuits against businesses and damage Delaware's highly-regarded legal climate. Read More »

Tags: Delaware

U.S. Chamber Comments on Delaware State Senate Vote on "Fee Shifting" Bill

May 12, 2015 | Press Release

WASHINGTON, D.C. - Lisa A. Rickard, president of the U.S. Chamber Institute for Legal Reform (ILR), issued the following statement today on a vote by the Delaware State Senate to bar companies from adopting "fee shifting" bylaws to guard against abusive merger-and-acquisition lawsuits (SB 75): Read More »

Tags: Delaware

ILR Delivers Letter & Testimony in Response to Delaware Senate's Fee Shifting Legislation

May 07, 2015 | Insights

ILR delivered this letter and testimony in response to the Delaware Senate Judiciary Committee's consideration of SB-75, which would restrict a corporation's ability to adopt fee shifting bylaws. Read More »

Tags: Delaware

ILR's Lisa Rickard Opposes Fee-Shifting Measure in Delaware Senate

May 06, 2015 | Insights

"Helping trial lawyers instead of shareholders calls into question Delaware's commitment to maintaining the balanced legal system that until now has been the hallmark of its corporate franchise," said ILR President Lisa A. Rickard, in a Delaware Law Weekly story about ILR's opposition to a bill aimed at banning corporate "fee-shifting" bylaws. Read More »

Tags: Delaware

  • bulletClick to Narrow Your Results