Veritext Ensures Free Market System in Authorized Companies

Veritext Ensures Free Market System in Authorized Companies

LIVINGSTON, N.J., Nov. 28, 2022 (GLOBE NEWSWIRE) — Veritext Authorized Options, the chief in deposition and litigation assist options, at the moment pronounces a optimistic final result to a 2016 federal antitrust lawsuit introduced in opposition to members of the Louisiana Board of Examiners of Licensed Shorthand Reporters (“Louisiana Board”).

In settling the matter, Veritext shoppers 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 attorneys and all events to a case equally and impartially, no matter whom they characterize.
  • Service degree and worth competitors are applicable and helpful.
  • Courtroom reporters want now not worry particular person threat 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 habits in violation of federal antitrust legal guidelines. “The Louisiana Board, by way of its actions, was interfering with our capacity to serve our shoppers inside the state by threatening investigations and different actions in opposition to licensed courtroom reporters meant to discourage them from accepting work,” continued Josephs.

Amongst different provisions, the settlement gives that

  • The Board can’t prohibit worth and repair degree competitors amongst courtroom reporters and courtroom reporting companies.
  • The Board should stop any formal or casual investigations, orders, subpoenas or different proceedings in opposition to courtroom reporters or courtroom reporting companies for the aim of restraining worth or service degree 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 publish the complete content material of the settlement settlement, together with all provisions, on its web site, and to ship copies of it by electronic mail or mail to each reporter within the state.

“Veritext embraces competitors and values the free-market system which evokes us to innovate and enhance our shopper service every day. We sit up for persevering with to accomplice with the courtroom reporting group and serving the authorized group in Louisiana with world class services,” states Josephs.

About Veritext Authorized Options
Based on a dedication to excellence, Veritext has develop into the trusted accomplice and established market chief in litigation expertise and authorized service options for legislation companies, authorities businesses and enterprise companies. Veritext focuses on the distinctive wants of every member of the authorized group and gives entry to modern applied sciences and distant options, unsurpassed information safety, the highest-quality community of reporters and authorized videographers, unmatched experience in multiparty and complicated litigation and state-of-the-art convention area throughout North America.

Media Contact
Vicki LaBrosse
Edge Advertising for Veritext
[email protected]

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