CSX turns tables on corrupt liability attorneys.

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CSX turns tables on corrupt liability attorneys.

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After CSX Settlement, More Trial Lawyers Will Be Sued Under RICO

http://www.businessweek.com/articles/20 ... under-rico

A $7.3 million legal settlement favoring the railroad CSX Transportation (CSX) has corporate advocates celebrating. That’s because the case—stemming from asbestos litigation in West Virginia—vindicates CSX’s strategy of using the federal anti-racketeering statute as a weapon to combat corrupt plaintiffs’ attorneys.

“CSX deserves a great deal of credit for its courage in turning the tables on these perpetrators of fraudulent asbestos litigation,” said Sherman Joyce, president of the American Tort Reform Association, a corporate lobbying group in Washington, D.C. “This successful RICO litigation now serves as a model for other corporate defendants that have been plagued by such fraud for decades.” RICO refers to the Racketeer Influenced and Corrupt Organizations Act, a 1970 law originally meant to be used against organized crime syndicates but that has civil provisions and has morphed into a multipurpose tool in private lawsuits.

(Story continues at the link above)

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