Schwartz Testifies in Favor of Liability for Foreign Corporations

Victor Schwartz (Shook, Hardy, & Bacon) testified on Capitol Hill on Tuesday in an effort to close a liability loophole for foreign corporations. 

“American companies are paying a tort tax,” said Schwartz. “[Foreign companies] should have the same liability exposure if they’re doing any meaningful business in the United States.”

Andrew Longstreth of The AmLaw Litigation Daily has the story.  Schwartz’s testimony is here.

–CJR