May 21, 2009
Schwartz Testifies in Favor of Liability for Foreign Corporations
Victor Schwartz (Shook, Hardy, & Bacon) testified on Capitol Hill on Tuesday in an effort to close a liability loophole for foreign corporations.
"American companies are paying a tort tax," said Schwartz. "[Foreign companies] should have the same liability exposure if they're doing any meaningful business in the United States."
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