The U.S. Chamber Institute for Legal Reform (ILR) today identified asbestos, class-action, data privacy, and False Claims Act lawsuits among the leading lawsuit trends, in a paper released at its 14th Annual Legal Reform Summit. The first-of-its-kind, large-scale survey of lawsuits, The New Lawsuit Ecosystem – Trends, Targets and Players, details litigation trends, and the growing alliance between state attorneys general and plaintiffs’ lawyers.
“This broad look at the lawsuit ecosystem demonstrates that litigation abuse remains a multi-billion dollar industry with plaintiffs’ lawyers constantly searching for new profit centers,” said Lisa A. Rickard, president of ILR. “Abusive lawsuits rarely benefit anyone other than the lawyers who file them, and drain millions of dollars from business expansion and the creation of new jobs.”
The New Lawsuit Ecosystem also identifies the industries most frequently targeted by emerging theories of liability, and for the first time, names the individual plaintiffs’ lawyers behind the litigation.
ILR also released research related to False Claims Act reforms at the state and federal levels, closing loopholes for class action abuse, making the case for state-based legal reforms, and third-party litigation financing in Australia.
To view a full list of research released and award recipients, visit www.instituteforlegalreform.com.
Source: U.S. Chamber of Commerce Institute for Legal Reform