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Jun 30, 2007

Limiting litigation

A desire to see richer shareholders, smarter management – and poorer lawyers

When politicians on Capitol Hill try to put limits on tort litigation, it's a reasonably safe assumption that lobbyists are paying them on behalf of companies seeking impunity to put asbestos in lungs, lead in children and poisons in petrol – or at least to get a free pass for doing so in the past. But while companies should pay compensation to those who have suffered from their actions, there is one exception where the anti-tort lobbyists are halfjustified: shareholder suits. Shareholder

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