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A long list of woes also includes anaemic economic growth, piles of new regulation and waves of litigation related to America's housing bust.
Firms like Parabellum, Bentham Capital and BlackRobe Capital have sought to cash in on the high waves of litigation that has swept across corporate America.
And, in contrast to basic personal-injury tobacco lawsuits, the courts seem more open to allowing these cases to proceed as class actions.Two more new waves of litigation are coming, says Bill Farone, a former Philip Morris executive who now testifies often against the industry.
One difference between this and previous waves of litigation is the greater number of companies that have been hurt by the continuing credit squeeze and subprime mortgage collapse and that are willing to sue individually, not as part of a shareholder class action and often not under securities laws.
Many of these deaths could have been prevented had the dangers of asbestos not been covered up and safety regulations stalled, which means that there will likely be waves of litigation on behalf of the victims of asbestos poisoning.
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Now a wave of litigation threatens to assail them.
The wave of litigation over dodgy debt instruments is still swelling.
He points to an inevitable wave of litigation, administrative headaches and restrictions on sales.
"First, Uber is battling a wave of litigation around the world.
Drywall installers and suppliers are also expected to be targets of the next wave of litigation.
Arthur Andersen still faces a wave of litigation in federal court in Houston.
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