A Lucky 17% of Big Companies Didn’t Get Sued
Fewer large U.S. companies got sued this past year, although a substantial majority still were named in suits, a new survey of corporate counsel concludes.
Seventeen percent of in-house counsel said their companies did not get sued in the 12-month period ending at the end of June, compared to 11 percent the year before, the New Jersey Law Journal reports.
The survey by Fulbright & Jaworski also found the lawyers were becoming more optimistic. Twenty-two percent expected their company to face a lawsuit in the coming year, compared to 33 percent the year before.
Respondents attributed the lawsuit drop to the Sarbanes-Oxley law (55 percent), increased government enforcement (50 percent), a strong stock market (44 percent), and the indictment of securities law firm Milberg Weiss (40 percent).