U.S. Chamber Institute for Legal Reform (ILR) News

Report: Surging securities class actions over corporate M&A, 'adverse events,' a growing 'litigation racket'

By Jonathan Bilyk | Oct 25, 2018

Saying the trend carries substantial costs for investors and the entire economy, a new report is calling for reforms to tamp down on the growing surge in the number of so-called securities class action lawsuits filed against companies over mergers, acquisitions or stock price drops - a phenomenon the report author called a "litigation racket."

How much do lawsuits cost you? $3,300 per household, $429B nationwide, study says

By Jonathan Bilyk | Oct 24, 2018

Across the U.S., Americans pay hefty costs for lawsuits, with the price tag stretching from the courthouses to the most basic levels of American life, adding thousands of dollars each year to Americans’ household budget costs, according to a new study of tort litigation costs.

NYC Bar: Lawyers shouldn't split fees with litigation funders

By John Breslin | Aug 22, 2018

New York City's bar association has decided that it is unethical for lawyers to enter into agreements with companies that finance lawsuits in exchange for a percentage of the recovery.

No quit in trial bar after SCOTUS ruling, still filing lawsuits in favorite courts

By John O'Brien | Jun 4, 2018

WASHINGTON (Legal Newsline) – Since last year’s U.S. Supreme Court ruling that dealt a blow to forum-shopping personal injury attorneys, companies threatened with sprawling, 50-state litigation have not been forced into defending cases all over the country.

California Assembly takes on lawyer ads, unanimously passes bill that would punish misleading claims

By John Breslin | May 17, 2018

SACRAMENTO - California's lawmakers have passed a bill aimed at combating what supporters claim is misleading advertising by plaintiffs attorneys.

Self-driving cars, thinking machines will test limits of tort law

By Daniel Fisher | Apr 20, 2018

SEATTLE (Legal Newsline) - Self-driving cars, machines that teach themselves how to operate and home digital assistants that can enter into legally binding contracts are all either on the market now or soon will be. So the next question is: Whom do you sue when they run amok?

Legal reform group: Allowing class actions in Mississippi a 'solution in search of a problem'

By John Breslin | Nov 7, 2017

JACKSON, Miss. (Legal Newsline) – As the Mississippi Supreme Court decides whether to allow class action lawsuits in state courts, a legal reform group has filed its opposition.

Ads that can kill: Lawyers scare patients out of taking medication, legal reform group says

By John O'Brien | Oct 26, 2017

WASHINGTON (Legal Newsline) - A new paper says lawyer advertising is scaring patients into not taking their medications, leading to dozens of serious incidents – including six deaths from individuals who stopped using their blood-thinner.

South Dakota has nation's best legal climate, new survey says; Louisiana, Missouri at the bottom

By Karen Kidd | Sep 12, 2017

South Dakota has the best legal climate in the United States, according to the results of a national survey released this week.

Poll shows consumers against patchwork of state data breach laws

By Ann Maher | Oct 28, 2016

WASHINGTON (Legal Newsline) - Democrats, Republicans and Independents don't agree much on which direction the country should go in these days, but one thing they have in common is support for a single national standard for data breach notification.

New to the U.S., litigation funding company commits more than $1.5 million to class action against Chevron

By Jessica Karmasek | Oct 24, 2016

According to a copy of the litigation funding agreement, Therium Litigation Funding IC currently has $1.7 million invested in the class action lawsuit against the oil giant. Judge Susan Illston of the U.S. District Court for the Northern District of California granted Chevron Corp.’s motion in August, requiring the agreement be released.

CFPB proposes prohibiting mandatory arbitration clauses

By Jessica Karmasek | May 5, 2016

The Consumer Financial Protection Bureau’s release of its set of proposed rules coincided with a field hearing held in New Mexico Thursday. Under the bureau’s proposal, companies would still be able to include arbitration clauses in their contracts. However, for contracts subject to the proposal, the clauses would have to say explicitly that they cannot be used to stop consumers from being part of a class action in court.

Legislation would prohibit DOJ settlement terms that require donations to third parties

By Jessica Karmasek | Apr 30, 2016

Some federal lawmakers argue the bill is needed to keep the Department of Justice from directing millions, even billions, of dollars to certain groups. They contend only Congress has the power to make such decisions.

U.S. House panel approves fraudulent joinder bill

By Jessica Karmasek | Feb 3, 2016

The Fraudulent Joinder Prevention Act, or H.R. 3624, shifts the burden from the defendant to the plaintiff and allows federal judges more discretion to remove those “innocent” local defendants.

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