“Meritless” Lawsuits Target “Highly Innovative Businesses,” Report Finds: Professors from the University of Chicago Booth School of Business and Tilburg University, respectively, released a report that found that “frivolous lawsuits tended to focus on highly innovative businesses,” and “cost the average company in this group $1.1 million a year, or about 4 percent of annual profit gains.” (Chicago Booth Review)
Firm Owned By Now-Disbarred Class Action Lawyer to Pay $23.5 Million to Former Clients: The Cincinnati law firm owned by now-disbarred lawyer Stan Chesley will pay $23.5 million to former clients as part of a four-year legal battle in which Chesley’s firm is alleged to have taken millions more in fees than it should have in a class action lawsuit. A legal action against Chesley himself will continue despite this agreement with the firm. (Cincinnati Enquirer)
Do you know “What’s Trending” on the litigation front?: Join ILR on October 24, 2018 for Summit XX to hear from issue experts on topics from data privacy liability to the growth of collective redress in the EU. You’ll also get a first-hand look at a human face of artificial intelligence through our keynote presentation from Rachel, the World’s First Digital Human, and Richard Darden, distinguished engineer for Watson Implementations Public Sector Global Delivery at IBM. CLE credits available. RSVP today!