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The banks, wrote the judge, had a "coherent scheme to defraud investors", which suggests that even higher litigation provisions may be needed.
Barnes & Noble, citing higher litigation costs, reported a fiscal first-quarter loss yesterday that was almost triple that of a year earlier, although still better than what analysts had expected.
The latest quarter included charges of $290 million, driven largely by higher litigation reserves.
Drugmaker Schering-Plough on Tuesday lowered previously reported earnings for the 2002 fourth quarter and full year, to reflect higher litigation reserves related to federal probes into its sales, marketing and clinical trial practices.
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He cited the city's high litigation costs as one factor in the lack of funds.
Extremely high litigation rates are also driving doctors into other areas of radiology.
A New York Fed spokesman said it supported the settlement because it would generate significant value without potentially high litigation costs.
"..experience in Australia has shown high litigation potential and opposing priorities at different levels of government, [are] undermining retreat policies," it reads.
It is used in a vast number of patent litigation disputes, leading to high litigation costs, but the allegations rarely succeed because they are usually not based on merit.
Jessica Zufolo, an analyst who studies the telecommunications market on behalf of investors, called the F.C.C. decision "a huge victory for the Bells," but said "it's a somewhat pyrrhic victory because there's a high, high litigation risk".
Nor is the level of scientific rigor in such cases always high: litigation over silicone breast implants cost Dow Corning $2.3 billion and forced it into bankruptcy even though the implants have never been proved to cause immune disorders, as plaintiffs alleged.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com