Frequent Filers: The Problems of Shareholder Lawsuits and the Path to Reform

Author: Stephen J. Choi, New York University School of Law; Jessica Erickson, University of Richmond School of Law; & Adam C. Pritchard, University of Michigan School of Law | February 27, 2014 | Research

This paper analyzes certain state pension funds in securities class actions and examines the correlation between the hiring of outside plaintiffs' lawyers and campaign contributions to the political officials in charge of the pension funds. Read More »

Supreme Court Rules on International Claims & Class Actions

January 15, 2014 | News and Blog

On Tuesday, the Supreme Court dismissed a lawsuit filed in California court against German automaker Daimler AG for alleged human rights violations in Argentina in the 1970s, unanimously ruling that American courts lack jurisdiction over the case. Read More »

In the News Today - December 18, 2013

December 18, 2013 | News and Blog

The Associated Press quoted ILR president Lisa Rickard on a California decision ordering three paint companies to pay $1.1 billion. "This ruling opens the flood gates for a surge of frivolous lawsuits and sets a dangerous precedent for other activist courts across the country to follow," she cautions. Read More »

In the News Today - December 4, 2013

December 04, 2013 | News and Blog

An appeals court has overturned a National Labor Relations Board decision that prevented employers from including arbitration agreements in employee contracts. Read More »

In the News Today - November 6, 2013

November 06, 2013 | News and Blog

Citing the precedent set by the Supreme Court's decision in American Express v. Italian Colors, the Sixth Circuit ruled that a plaintiff cannot bring a class arbitration against LexisNexis. Read More »

In the News Today - October 29, 2013

October 29, 2013 | News and Blog

The legal tab for U.S. banks is expected to rise to $107 billion or more in the coming years. Read More »

2012 Legal Reform Awards Presented at the 13th Annual Legal Reform Summit

October 24, 2012 | Video

At the 13th Annual Legal Reform Summit on October 24, 2012, the Annual Legal Reform Awards were presented to The Honorable Myron T. Steele, Chief Justice, Supreme Court of Delaware (Judicial Achievement Award): Mississippi Lieutenant Governor Tate Reeves (State Legislative Achievement Award); The Honorable Briggs Hopson, Mississippi Senate (State Legislative Achievement Award); Speaker Philip Gunn, Mississippi House of Representatives (State Legislative Achievement Award); The Honorable Mark Baker, Mississippi House of Representatives (State Legislative Achievement Award); The Latino Coalition (Outstanding Alliance Award); American Tort Reform Association (Research and Policy Award); Pennsylvania Chamber of Business and Industry (Outstanding Organization Award). Watch »

The 2012 State Liability Systems Ranking Study

September 10, 2012 | Research

The 2012 State Liability Systems Ranking Study was conducted for the U.S. Chamber Institute for Legal Reform to explore how fair and reasonable the states' tort liability systems are perceived to be by U.S. businesses. Participants in the survey were comprised of a national sample of 1,125 in-house general counsel, senior litigators or attorneys, and other senior executives who indicated that they are knowledgeable about litigation matters at companies with at least $100 million in annual revenues. The 2012 ranking builds on previous years' work, where in each survey year all 50 states are ranked by those familiar with the litigation environment in that state. Prior to these rankings, information regarding the attitudes of the business world toward the legal systems in each of the states had been largely anecdotal. The State Liability Systems Ranking Study aims to quantify how corporate attorneys view the state systems. Read More »

Attorney General Hood's Latest Lawsuit About Compensating Lawyers, Not Homeowners

June 13, 2007 | Press Release

Washington, D.C.- U.S. Chamber Institute for Legal Reform President Lisa A. Rickard released the following statement in reaction to Mississippi Attorney General Jim Hood's lawsuit against State Farm Fire and Casualty Co. related to an agreement for a mass settlement of claims over Hurricane Katrina damage.

"This latest lawsuit by the Mississippi attorney general has little to do with compensating Mississippi homeowners for their Katrina losses, and more to do with plaintiffs' lawyers getting their cut of the compensation money.

Read More »

U.S. Chamber: Legal Reforms Paying Off for Mississippi

March 26, 2006 | Press Release

WASHINGTON, DC - The U.S. Chamber Institute for Legal Reform (ILR) today announced that Mississippi's legal climate has shown significant progress, moving up two spots to number 48 in the 2006 Harris State Liability Systems Ranking Study. "The comprehensive legal reforms enacted in 2004 truly have made Mississippi open for business," said Tom Donohue, President and CEO of the U.S. Chamber of Commerce. "The state supreme court has cracked down on abuses that had plagued the state's courts for many years." Read More »