Good news! A survey commissioned by law firm Fulbright & Jaworski shows that litigation against major corporations has declined over the last year ending in June. Seventeen percent of in-house counsel reported ending the year without lawsuits, which is up from 11% the previous year. Why the decline? Fifty-five percent of respondents cited Sarbanes Oxley (and presumably the enhanced internal controls the law requires), 50% cited increased government enforcement, 44% cited the strong stock market, and 40% cited the indictment of plaintiffs' firm Milberg Weiss for paying kickbacks to plaintiffs to induce class action suits (I've been following this case here on The Brief Case).
For more information, read the article here.
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The Brief Case is devoted to legal news and analysis for businesses and attorneys. I will feature issues of interest to corporate lawyers or their clients, as well as legal issues that are just plain fascinating.
About Me
- Emily Finger
- Minnetonka, Minnesota, United States
- Emily is a solo practitioner specializing in business law, estate planning, and general litigation. Her office is located in Minneapolis, Minnesota. She is an active member of local bar associations and business groups, as well as a Six Sigma Green Belt. Contact Emily at www.emilyfingerlaw.com for information regarding curriculum vitae, presentations, and services.