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November 10, 2014

BusinessWeek Quotes ILR’s Lisa Rickard on CSX ‘RICO’ Settlement; Analyzes Impact of Ruling on Chevron ‘RICO’ Case

ILR President Lisa A. Rickard is quoted in a BusinessWeek story regarding CSX’s $7.3 million legal settlement in the company’s federal RICO suit against “a pair of asbestos plaintiffs’ attorneys and an allied radiologist, accusing them of conspiring to bring fraudulent injury claims against the company.”

“We commend CSX Transportation for pushing back against the endemic fraud and abuse in asbestos litigation,” said Rickard.

BusinessWeek’s Paul Barrett analyzes whether this case will lead to the federal RICO statute becoming a more common “weapon to combat corrupt plaintiffs’ attorneys”.

In that light, Barrett writes that “attention now turns” to Chevron’s RICO suit against plaintiffs’ attorney Steven Donziger, “who is appealing a ruling that he used phony scientific evidence, as well as coercion and bribes, to engineer a $19 billion oil contamination judgment in 2011 in Ecuador.”

Read the full story here.

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