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Thursday, 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."

Andrew Longstreth of The AmLaw Litigation Daily has the story.  Schwartz's testimony is here.

--CJR

http://lawprofessors.typepad.com/tortsprof/2009/05/schwartz-testifies-in-favor-of-liability-for-foreign-corporations.html

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