New lawsuit filings against corporate America have dropped somewhat, but one-third of U.S. firms still are facing at least 25 legal actions, according to a new survey.
Fulbright & Jaworski Litigation Survey found that 18 percent of companies have an even greater burden and are defending more than 100 cases domestically. Most in this category were manufacturing firms.
Ninety-three percent of insurers and retailers reported having to defend at least one new case this past year, and more than half from both sectors got hit with one or more $20 million disputes, the highest of 10 industry segments represented. Insurers contended with the most $20-plus million cases, 54 percent, taking on more than 20 such actions.
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