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July 12, 2012

U.S. courts must put an end to “tort tourism”

Innovative plaintiffs’ lawyers are looking to win big paydays in foreign courts, warns U.S. Chamber of Commerce president and CEO Tom Donhoue in the Investor’s Business Daily.  “Tort tourism” – filing lawsuits overseas in the hopes of collecting in American courts – has reached its apex in a case against Chevron, with lawyers looking to enforce an $18 billion Ecuadorian verdict that has been dogged by allegations of fraud.  Suits like this creative massive uncertainty and discourage investment and hiring, not to mention generating huge legal bills, Donohue adds.

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