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Recent News and Articles on the Keywords: business litigation + doing business + litigation  Related to the article below (Last Update: 8/5/2008)


RussiaToday
OurPet's Company Reports 2008 Second-Quarter and First-Half ...
MarketWatch -
Income before litigation expense for the 2008 second quarter decreased 30.1 percent to $120256, compared to $172012 for the 2007 second quarter. ...
Eclipsys Corporation Q2 2008 Earnings Call Transcript Seeking Alpha
Airvana Reports Second-Quarter Financial Results Trading Markets (press release)
L-1 Identity Solutions Inc. Q2 2008 Earnings Call Transcript Seeking Alpha
Seeking Alpha - Seeking Alpha
all 1,251 news articles »  ECLP - CBG - ID
Drinks Americas Announces Fiscal Fourth Quarter and Year-End 2008 ...
MarketWatch -
The Company's other brands and its fine wine business has also contributed to its annual growth. Sales of Newman's Own All Natural Lightly Sparkling Fruit ...OTC:DKAM
Sonnenschein Rebuilds Its IT Data Model
Law.com (subscription), CA -
Winning new business: For a national large-scale litigation that involves thousands of parties, a law firm must demonstrate that it can support real-time ...
Pavilion Energy Resources, Inc. Announces Corporate Restructure
MarketWatch -
... materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. ...
Ebonyi: Elechi?s Victory and Thereafter
This Day, Nigeria -
He further noted that though the whole litigation process constituted some distraction, it did not wholly affect his focus either in terms of avowed policy ...
Forbes ranks W.Va. worst for jobs again
Beckley Register-Herald (subscription), WV -
Broken down, the magazine said the state ranked 14th in the cost of doing business, 50th in its regulatory environment, 38th in overall economic climate, ...
Bankrate Q2 2008 Earnings Call Transcript
Seeking Alpha, NY -
Many of our advertisers are doing through difficult times in their business and are challenged like never before and it?s having an impact on that business. ...RATE
NewMarket Latin America, Inc. to Present 2009 Forecast for ...
MarketWatch -
The systems integration operations currently doing business as NewMarket Latin America are also planned to be formally consolidated into the reconstituted ...OTC:NLAI - OTC:CMTX
Advanta Corp. Q2 2008 Earnings Call Transcript
Seeking Alpha, NY -
In addition, some of our comments today are forward-looking, and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform ...ADVNB
Supertel Hospitality Reports 2008 Second Quarter Results
CNNMoney.com -
Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, ...SPPR
Source: Google News

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T Dunworth, J Rogers - Law & Soc. Inquiry, 1996 - HeinOnline
... as squander- ing substantial resources on unproductive and unnecessary litigation,
which has ... as a significant in- crease in the costs of doing business and a ...

… Exchange Norms, Perceptions of Unfairness, and Retained Hostility in Commercial Litigation -
PJ Kaufmann, LW Stern - Journal of Conflict Resolution, 1988 - JSTOR
... of time since the suit was terminated, total time in litigation, dollar value ... of
the sample respondents indicated they were no longer doing business with the ...

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VP Hans, WS Lofquist - Law & Soc'y Rev., 1992 - HeinOnline
... t like the smell or thought it was doing any harm ... Lofquist 99 Table 2. Tort Jurors'
Attitudes toward Business Regulation and Litigation % of Jurors ...

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L Kenworthy, S Macaulay, J Rogers - Law & Soc. Inquiry, 1996 - HeinOnline
... Business Litigation and Governance in the American Automobile Industry 647 not oblige
the manufacturer to take and pay for any ... See also "Doing It All Yourself ...

[PDF] Co. v
HF Ins - United States - assetprotectionbook.com
... with the claim that Roberts controlled the underlying litigation concerning Bomil's ...
assets in the spring of 1999 to another company doing business as Kearny ...

[PDF] Reforming the Procedural Rules for Business Litigation in Russia: To What End? -
K Hendley - Demokratizatsiya, 2003 - polisci.wisc.edu
Page 1. 1 Forthcoming in Demokratizatsiya. Reforming the Procedural Rules for
Business Litigation in Russia: To What End? By Kathryn Hendley 1 ...
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Business Litigation in the Transition: A Portrait of Debt Collection in Russia -
K Hendley - Law & society, 2004 - Blackwell Synergy
... expended in pursuing a judgment, can spur litigation (eg, Ruhlin ... The trick was staying
in business with little or ... is called for in such cases, doing so would ...

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VP Hans - Judicature, 1995 - HeinOnline
... enough definitive atten- tion to what she was doing. ... In these groups, comments about
the litigation explosion often focused on the harm to business and society ...

Beyond the Tip of the Iceberg: Business Disputes in Russia -
K Hendley - Assessing the Value of Law in Transition Economies, 2001 - books.google.com
... In 1997, it began doing business through a shell ... the courts whenever possible, believing
that litigation in- evitably ruptures business relationships. ...

Should Europe Worry About Adversarial Legalism? -
RA KAGAN - Oxford Journal of Legal Studies, 1997 - Oxford Univ Press
... Emory Law Review 413 (1990); T. Dungworth, M. Galanter and J. Rogers, 'Corporations
in Court: Recent Trends in American Business Litigation', Paper delivered ...

Source: Google Scholar
 
 

Litigation: a necessary cost of doing business?

In the US, the role of court action in defining limits not set by regulators is generating a flood of costly court cases for the food industry: much unnecessary, and all damaging.

 

At its worst, the nation's light regulatory approach is spawning a culture of take-risks-now-and-fight-the-class-action-later.

Take ephedra for example. A herbal supplement widely used for weight loss until it was subsequently found to have a negative impact on heart health. So the regulators swept in- belatedly- to ban it. Yet the issue remains held up in legal battles concerning dosage, while a web of legal activity is being spun as Mr Blogs and his neighbour claim their lives have been destroyed by the bad ingredient.

Such regulatory pussy-footing does no-one any favours. A whole lot of sorrow, time and money could be saved with the enforcement of some basic, and sound risk management policy.

And in the food industry, the key to this is science, whether conducted by industry or government. Without the science, we can ultimately expect to see a backlash.

In Europe, if it is not possible to definitively establish that a particular activity is safe, then as a precaution that activity is precluded. End of story until proven otherwise.

But in the US, only in relation to the financial services industry are regulators policing aggressively against risk - imposing huge fines for failing to apply advertised discounts, or selling inappropriate products. Elsewhere, the courts fill a gap by allowing voices to be heard that are simply being ignored in the construction of legislation and regulation.

Thus, we see non-governmental organizations and consumer safety advocates resort to litigation because they simply can't turn elsewhere. Often, the issues they raise should not have existed in the first place.

Who wants benzene in their soft drinks for instance? The issue has only reached its current proportions because 15 years ago the Food and Drug Administration allowed the industry to self regulate. The industry did nothing but keep very quiet.

Self-regulation can work, but only if the ‘regulation' part of it actually occurs. Where it doesn't, the government needs to establish strict limits to prevent there being even the hint of a risk to consumers.

When neither of the above come into force, court action becomes the only remaining avenue.

But, most significantly, the food industry itself is losing out from the way the courts are being used to fill this void. Regulators who are applying unbiased and scientific assessments of risk are more reliable than courts where juries can be swayed through emotion to legislatively illogical awards.

Nor does the US court system have much by the way of built-in deterrents to non-cases.

Many suits are filed simply because the US legal system permits them to be, and in some ways even encourages them.

Thus, courts are used to raise awareness about some legitimate issues- which is fine- but also to indulge the activist's fancy and profile- which is not.

Frito-Lay has just had to change the labelling of its low-fat potato chips and pay out a $150,000 ‘award' to Harvard Medical School's nutrition division in order to avoid a suit filed against it for misleading marketing.

The suit claimed the company was trying to trick consumers into believing its products did not contain the controversial fat substitute olestra. But whether or not we agree with the use of the ingredient, the fact is that Frito Lay had already clearly displayed the olestra brand logo on its packets.

It's fine to fight to raise awareness for olestra, but why should this one firm have suffered such costs in that profile-raising, when it was playing straight with consumers?

If a legal device was established that filtered off the indulgent suits from the important ones, then the whole system would work more efficiently.

In the UK it is much harder to get claims off the ground because of a ‘loser pays all' rule. That means that unless a suit has a strong chance of success, it isn't filed.

But this ‘indemnity costs' rule also comes with a more responsible regulatory system and a more stringent approach to risk management. And this ultimately appears to work better and avoid a lot of unnecessary grief.

US industry may think it is winning from scant regulation, but take a look at the court records, and it is paying, and paying again. The limits on where the attacks can fall are so wide that no company can realistically be sure of avoiding suits.

In a world of powerful consumers and corporate responsibility, the US legislative free-for-all amounts to a serious and unnecessary cost of doing business. Please regulators, regulate.

Lorraine Heller is editor of FoodNavigator-USA and is a specialist writer on food industry issues. With an international focus, she has lived and worked in the UK, Cyprus and France.

 
 
 
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