Corporations today are routinely subject to shareholder litigation for which corporations and, by extension, their shareholders foot the bill.
The personal-injury action (e.g., one arising out of an automobile accident) exemplifies the kind of litigation for which damages are awarded.
As EPA administrator, Pruitt cannot cancel the plan, but he can refuse to defend it against the litigation for which he was a key architect.
"Landlords have gotten more aggressive and organized in charging and billing as many as fees as they can," said Edward Josephson, the director of litigation for Legal Services NYC, which represents low-income families.
We think that the courts will be the last line of defense if advocacy doesn't work," said Lisa Garcia, vice president of litigation for Earthjustice, which employs more than 100 lawyers across the country.
In a Monday filing with the Securities and Exchange Commission, the former web giant turned investment company said it has agreed to end litigation for $47 million, which the company said will "mark a significant milestone" in cleaning up its remaining liabilities.
Closing tax shelters not only costs money for auditors but also for litigation, which typically continues for more than a decade and costs the government and shareholders.
As NASCO points out, however, Chambers' bad-faith conduct in the course of the litigation caused the delay for which damages were sought and greatly complicated the closing of the sale, through the cloud on the title caused by the fraudulent transfer.
The legal case may turn on arcane determinations of what constitutes a document prepared for litigation, which normally cannot be subpoenaed by the opposite side.
The most curious aspect of JPMorgan's quarterly was management's creation of a $2.3 billion reserve for litigation, which on the face of it is an enormous number, and it's tied to the mortgage business.
"We were operating under federal maritime law," says David Oesting, an Anchorage lawyer who handled litigation for the plaintiffs, "which basically says 'no touch, no foul.' It was and is terrible".
