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News
March 10, 2015

ILR Responds to Delaware Fee-Shifting Proposal

ILR President Lisa A. Rickard was twice quoted in the media today regarding the Delaware Bar Association’s backing of legislation that would prohibit businesses from shifting legal costs onto shareholders who file unsuccessful lawsuits.

In the Wilmington News Journal, Rickard says the recommendations do “precious little to solve the broadly-recognized problem of abusive mergers and acquisitions litigation, while taking away the fee-shifting approach some companies have used to combat it.”

Pensions & Investments quotes Rickard as describing the recommendations as “a huge win for Delaware’s lawsuit business at the expense of shareholders in Delaware companies.”

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