Vice-President Dan Quayle's assault on lawyers at an American Bar Assn. meeting in August was only the leading edge of a White House reform campaign. On Oct. 1, Quayle told the midsize companies of the American Business Conference that the Administration would soon propose legislation to slash contingency fees for courtroom experts, stick losers with legal fees in civil cases, and limit punitive-damage awards. President Bush also plans to issue an executive order that would implement some of these changes in cases where the federal government is the plaintiff.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Two Words That Will Help Get an Airline Upgrade Over the Phone
- Brighter U.S. Growth Outlook Emboldens Fed on Rate-Hike Course
- Stocks Under Pressure as Dollar Pauses; Pound Dips: Markets Wrap
- Stocks Turn Lower, Dollar Rises After Fed Minutes: Markets Wrap
- Risky Crypto Bet Dents Dennis Gartman's Retirement Account