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09 Aug 2011

Frivolous lawsuits clogging U.S. courts, stalling economic growth

In IACCM's study of international business in 2010, the biggest risk for those doing business with the US was their fear of the US legal system. Much of this is driven by a perception of uncontrolled litigation and large settlements that may have little merit, relative to their domestic standards.\r\n\r\nTherefore news of any cut-back in potential litigation is likely to be welcome news and certainly, given its economic woes, would be a smart move by US authorities.


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