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News
June 26, 2015

Reuters Quotes ILR’s Lisa Rickard in Story about Fee-Shifting Ban

ILR President Lisa A. Rickard was quoted by Reuters on the recent signage of a law that bans Delaware companies from adopting fee-shifting bylaws. The bylaws are a method of curbing meritless shareholder litigation by forcing investors who bring unsuccessful lawsuits to pay the company’s legal costs.

The law also effectively forces companies to select Delaware courts as the venue for these lawsuits, relying on the state’s judges to filter out weak cases.

“The business world will be watching carefully to see if that promise holds true,” said Rickard.

Read the full story here.

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