Foreign executives press for reform of litigation in United States

Swanson, Ian
May 2007
Hill;5/18/2007, Vol. 14 Issue 60, p11
The article focuses on the concerns of various executives of foreign companies who had invested in the U.S. The executives view that the threats of class-action lawsuits is a serious disincentive of conducting business in the U.S. According to Gary Elliot, chairman of ThyssenKrupp USA Inc., litigation is a major business expense in comparison to Europe. Moreover , several executives are concerned about the moodiness of the U.S. Congress on trade issues.


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