The election of officials who may be plaintiff friendly always raises concerns for business. In one of our legal marketing group meetings last week, we discussed what growth areas there may be if Sen. Obama is elected, e.g., increased securities litigation if previous restrictions are lessened and labor law if card check is passed. Today, The Wall Street Journal weighs in on the issue.
Interestingly, both Sens. McCain and Obama voted for the Class Action Fairness Act of 2005 ("CAFA"), and Sen. McCain has been criticized for not supporting tort reform as much as the Republican Party would like.
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