Legal Costs Stifle Foreign Investment In US: Report

Law360, New York (October 31, 2008, 12:00 AM EDT) -- The frequency, scope and cost of lawsuits threaten to slash foreign direct investment in the United States, according to a recent report from the Commerce Department.

The report — “The U.S. Litigation Environment and Foreign Direct Investment: Supporting U.S. Competitiveness by Reducing Legal Costs and Uncertainty” — was released Wednesday at the U.S. Chamber of Commerce’s 9th Annual Legal Reform Summit.

Offering the latest strike in the battle over tort reform, the report cites the threat of punitive damages, the frequency and unpredictability of lawsuits in...
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