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September 5, 2014

ILR’s Lisa Rickard Pens Article on the “Toxic Cocktail of Class Actions” Brewing in Australia

A piece by President of the U.S. Chamber Institute for Legal Reform Lisa A. Rickard is today featured in The Australian.

The U.S. class action environment is characterized by abusive filings intended to intimidate defendants into unjustified settlements to avoid the risks of battling the plaintiffs’ bar. Companies faced with class actions must often acquiesce to unspecified and inappropriate charges to avoid the costs and risks of litigation, to include reputational damage and stock price depreciation.

The U.S. class action landscape possesses a “toxic cocktail” of elements allowing for the amassment of “large numbers of claims in a single proceeding, whether or not all claimants have been harmed.”

“The Australian class action regime,” she warns, “is an equally toxic brew.”

Read the full story here.

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