Senate To Mull High Court's Limiting Of Damages

Law360, New York (July 17, 2008, 12:00 AM EDT) -- The U.S. Senate Judiciary Committee will hold a hearing Wednesday on whether recent Supreme Court decisions have shielded corporations from accountability for misconduct.

“Recent Supreme Court decisions, including last month’s decision in Exxon Shipping Co. v. Baker, have highlighted a shift on the court shielding corporations from accountability for their actions,” said the office of the committee's chairman, Patrick Leahy (D-Vt.).

“Such decisions have hindered the rights of Americans to receive damages for harm done at the hands of large corporations,” the office said. “The decisions...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.