LIVINGSTON, N.J., Nov. 28, 2022 (GLOBE NEWSWIRE) — Veritext Authorized Options, the chief in deposition and litigation assist options, right this moment proclaims a optimistic consequence to a 2016 federal antitrust lawsuit introduced towards members of the Louisiana Board of Examiners of Licensed Shorthand Reporters (“Louisiana Board”).
In settling the matter, Veritext purchasers and courtroom reporter companions could also be reassured that:
- Veritext’s enterprise practices are carried out in accordance with all authorized and regulatory requirements.
- Veritext serves all legal professionals and all events to a case equally and impartially, no matter whom they signify.
- Service stage and value competitors are applicable and useful.
- Courtroom reporters want not concern particular person danger of investigation or penalties from the Board solely for accepting work from Veritext.
“The Louisiana Board’s suggestion on the contrary was one thing we couldn’t let stand unchallenged,” states Nancy Josephs, CEO of Veritext. In 2016, in response to an investigation the Louisiana Board initiated, Veritext filed a lawsuit within the U.S. Japanese District of Louisiana Courtroom alleging that members of the board engaged in anticompetitive conduct in violation of federal antitrust legal guidelines. “The Louisiana Board, by way of its actions, was interfering with our capability to serve our purchasers inside the state by threatening investigations and different actions towards licensed courtroom reporters supposed to discourage them from accepting work,” continued Josephs.
Amongst different provisions, the settlement gives that
- The Board can not limit value and repair stage competitors amongst courtroom reporters and courtroom reporting companies.
- The Board should stop any formal or casual investigations, orders, subpoenas or different proceedings towards courtroom reporters or courtroom reporting companies for the aim of restraining value or service stage competitors.
- The board member defendants whom Veritext believes spearheaded the anticompetitive conduct should step down from the board and are restricted from serving on the board or any of its committees for five years.
The settlement requires the Board to prominently submit the complete content material of the settlement settlement, together with all provisions, on its web site, and to ship copies of it by e mail or mail to each reporter within the state.
“Veritext embraces competitors and values the free-market system which conjures up us to innovate and enhance our shopper service each day. We stay up for persevering with to accomplice with the courtroom reporting neighborhood and serving the authorized neighborhood in Louisiana with world class services and products,” states Josephs.
About Veritext Authorized Options
Based on a dedication to excellence, Veritext has change into the trusted accomplice and established market chief in litigation expertise and authorized service options for regulation companies, authorities companies and enterprise firms. Veritext focuses on the distinctive wants of every member of the authorized crew and gives entry to progressive applied sciences and distant options, unsurpassed knowledge safety, the highest-quality community of reporters and authorized videographers, unmatched experience in multiparty and sophisticated litigation and state-of-the-art convention house throughout North America.
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