Texas is #40 in the 2015 Lawsuit Climate Survey: Ranking the States. East Texas is at the top of the list of cities or counties with the least fair and reasonable litigation environment, with 26 percent of the respondents naming it the worst jurisdiction. The state of Texas ranks in the bottom five for judges’ impartiality.
Corporate Counsel notes that Stanford and Sullivan & Cromwell LLP have created an "impressive" database to showcase FCPA statistics. "Stanford's FCPA database matters because it is visual and updated in real time. Read More »
They say everything is bigger in Texas, and a $2 billion lawsuit over a wood pile certainly fits with this adage. Government prosecutors in Hunt County are seeking this astronomical amount from Kirk Grady and Republic Waste Services of Texas, alleging that Grady violated 13 Texas water and health codes by keeping a pile of wood on his land before selling it to Republic Waste in 2002. Read More »
Four Vietnamese seafood workers and fishing boat owners have filed a complaint against their own plaintiffs' lawyers. The workers allege they agreed to be represented by the plaintiffs' firm in low-dollar claims against BP over work they supposedly performed during the Gulf oil spill cleanup, but that the "law firm improperly attempted to extend its representation to higher-value claims for economic losses." Read More »
"A seedy side of American law is the widespread collusion between the plaintiffs bar and government prosecutors, who trade contingency-fee lawsuits for campaign contributions," writes the Wall Street Journal editorial board. Read More »
8th Circuit Applies Halliburton; Overturns Class Cert in Best Buy Case: Two years ago, the SCOTUS decision in Halliburton Co. v. Erica P. John Fund held that "defendants have the right at the class certification stage to show evidence that an alleged false statement did not impact a company's stock price, thereby rebutting the fraud on the market presumption of reliance." Read More »