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

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 7, 2014

July 07, 2014 | Insights

Six insurance companies are suing an asbestos personal injury trust set up by a U.S. unit of Philips that the insurers "suspect has been making millions of dollars in fraudulent payments to parties that cannot prove they were harmed by the company's asbestos products." Read More »

Tags: Asbestos, Delaware, Texas

Delaware Legislature Delays Anti-Fee-Shifting Legislation

June 20, 2014 | Insights

In the wake of staunch opposition from the U.S. Chamber Institute for Legal Reform and other business groups, the Delaware legislature is putting the brakes on legislation that would prevent corporate "fee-shifting" bylaws in the wake of a recent Delaware court decision allowing such bylaws. Read More »

Tags: Delaware

Delaware Anti-Fee-Shifting Bill 'Helps Trial Lawyers, Hurts Average Shareholder'

June 18, 2014 | Insights

Proposed Delaware legislation would threaten the state's status as America's "default corporate law regime" and harm average shareholders, writes James R. Copland, director of the Center for Legal Policy at the Manhattan Institute. Read More »

Tags: State Legal Reforms, Delaware

ILR's Efforts Delay Delaware Bill Prohibiting Company 'Fee-Shifting' By-Laws

June 11, 2014 | Insights

The Wilmington, Delaware News Journal reports that, "Opposition from the U.S. Chamber of Commerce was enough to delay debate on Delaware legislation written by the corporate section of the state bar association that would prohibit companies from making stockholders pay their legal bills if they file lawsuits against the company and lose." Read More »

Tags: Delaware

Media Highlights ILR's Opposition to Delaware Bill Prohibiting Company 'Fee-Shifting' By-Laws

June 10, 2014 | Insights

The Wilmington, Delaware News Journal highlights ILR's opposition to a proposed bill that would prohibit a private company from adopting bylaws requiring an investor who sues and loses to pay the company's legal costs. Read More »

Tags: Legal Ethics, Delaware

NY Times' Davidoff Examines Impact of Delaware Supreme Court "Fee-Shifting Bylaw" Ruling

May 27, 2014 | Insights

The New York Times' Steven M. Davidoff weighs in on the recent Delaware Supreme Court decision that allows a private company to, "amend its bylaws to adopt a provision that makes the loser in any shareholder litigation pay the other side's fees." Read More »

Tags: Delaware

Delaware Media Again Focuses on Delaware's Unclaimed Property Program--Highlights ILR's Harold Kim

May 22, 2014 | Insights

n the second major news story this week in the Wilmington News-Journal, ILR's Harold Kim weighs in on questions about the state's unclaimed property program. Read More »

Tags: Delaware

ILR's Kim Weighs in on Efforts to Reform Delaware's Abandoned Property Program

May 19, 2014 | Insights

Legislation was recently introduced in Delaware that would, "disallow commission-based contracting for escheat (abandoned or unclaimed property). Read More »

Tags: Delaware

In The News Today - May 19, 2014

May 19, 2014 | Insights

"Losing a shareholder lawsuit to a company could soon become more expensive," writes Liz Hoffman of The Wall Street Journal. Hoffman reports on the Delaware Supreme Court's recent decision to uphold, "a corporate bylaw that requires the losing party in litigation against the company to pay the winner's legal fees." Read More »

Tags: Foreign Corrupt Practices Act, Delaware

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