It would be based on a 1995 decision by the ever-loopy Ninth Circuit in California that reversed a Tax Court decision and found that lawyers could write off the costs of litigation in the year they were incurred, instead of when they actually get a fee.
The costs of patent litigation roll down-market: the pace of innovation slows and consumers pay more for less.
Insurance premiums have been rising both because of increasing litigation costs and falling interest rates, LaCroix said.
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Once the property is seized, the owner may file a claim, at peril of being indicted, or of incurring heavy civil litigation costs.
Based on his conversations with CEOs and other business leaders, Mr. Fisher says one of Texas's huge competitive advantages is its ongoing reform of the tort system, which has driven litigation costs to record lows.
It costs a lot of money and it can bring up a lot of litigation.
As a result, costs have become so inflated that they are now a common subject of litigation in their own right.
But after years of asbestos litigation, mounting overseas competition, rising energy prices and labor costs, the aluminum company filed for bankruptcy in 2002 and was liquidated.
But when the potential recovery on a dubious theory is substantial (either because of pressures to settle or because there is a very small chance of a very large recovery), most lawyers will hesitate before fronting litigation costs.
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Mr. Murdoch said in July the size of the settlement was derived from a judgment about the likely damages and costs if the company pursued litigation and lost.
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