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Today, the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) released guidance on enforcement of the Foreign Corrupt Practices Act (FCPA).
We commend DOJ and the SEC for upholding their commitment to issue guidance this year under the FCPA and for hearing out the business community’s concerns. This is the first time the key enforcement agencies have produced a unified document...
Eighty-nine percent of voters who cast ballots in Tuesday’s election believe there are too many meritless lawsuits, while eight out of ten want the next Congress to continue reforming the legal system, according to a national survey released by the U.S. Chamber Institute for Legal Reform. You can read a summary memo of the survey here.
Creating jobs to grow the economy was top-of-mind for voters. The...
At the U.S. Chamber Institute for Legal Reform’s (“ILR”) annual legal-reform summit, ILR released a proposal for the federal regulation of third-party investments in litigation, a type of third-party litigation financing (“TPLF”). ILR’s paper (available here) included commonsense suggestions for safeguards against the real risks to the administration of civil justice posed by TPLF.
Not surprisingly,...
When Americans think of their justice system, they might envision the heroic small town lawyer, Atticus Finch, in To Kill a Mockingbird. Or Perry Mason. Or the countless other movies, TV series and high school civics textbooks that depict the U.S. justice system as a pillar of American society.
Unfortunately, this glorified image is at odds with today’s reality. In too many areas, the U.S. justice system is becoming...
Trial lawyers seeking to enforce an ill-gotten $18 billion foreign judgment against Chevron today might feel one step closer to carrying out their plan to enforce the fraudulent judgment here and abroad, after the U.S. Supreme Court on Tuesday left in place a narrow, procedural ruling from a lower court. But the trial lawyers shouldn’t start counting their dólares just yet – those who respect the rule of law still...
Today in Legal Reform
A trio of cases on the Supreme Court schedule could have a far-reaching effect on class action law, explains Daniel Fisher in Forbes. If decided in the defendants’ favor, the...
The closely watched case will decide whether corporations can be sued under the Alien Tort Statute for alleged violation that happened overseas. “Plenty of human-rights...
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