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A mark, a yen, a buck or a pound



Re-reading Sunday's NYT business article, "To the Trenches -- The Tort War is Raging On", we finally get to the conclusion, which offers something to look forward to:

PLAINTIFF-SIDE lawyers are innovating. Some firms are looking to courts outside the United States.

"If, for example, you have a company that defrauds its shareholders, shareholders around the world who invested in that company in any market should have the same rights to recover," said Michael D. Hausfeld, partner at Cohen Milstein Hausfeld & Toll, which has opened an office in London and is allying with law firms in several countries. While the firm itself is not lobbying for legal changes to make it easier to sue in foreign courts, Mr. Hausfeld said, "we are involved with others who are doing that."


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Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.