The state never apologizes

posted by
February 14, 2011
Ludwig von Mises Institute
by SM Oliva  
Posted in Commentary

"The federal law allowing for attorney fees limits recovery to individual and corporate defendants under a certain net worth. Congress intended the law to encourage small businessmen to challenge unfair regulatory actions. The FTC’s decision in Isely’s case effectively nullifies this. ... Leibowitz’s precedent sends a clear signal that no small businessman has any hope of winning anything more than a Pyrrhic victory against the FTC: Even a person who prevails in litigation will face financial ruin to pay their attorney fees." (02/13/11)  


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