Barratry

AAA

DEFINITION of 'Barratry'

An illegal act whereby an attorney instigates a dispute or otherwise encourages the filing of a lawsuit, in order to profit from legal fees. Barratry typically involves the filing of a groundless claim in order to receive payment from clients. It is an illegal practice in all U.S. states and subject to criminal punishment and discipline by the state bar. An attorney found guilty of barratry would generally face disbarment.

INVESTOPEDIA EXPLAINS 'Barratry'

Barratry refers to an attorney's illegal instigation of lawsuits with no legitimate claim. For barratry to be a criminal act, the accused must perform repeated and persistent acts of litigation. It is against the law for an attorney to look for accident victims in hospitals or at home in an attempt to solicit business. Such "ambulance chasers" could be found guilty of barratry.

RELATED TERMS
  1. Bottomry

    When the owner of a ship borrows money and uses the ship itself ...
  2. Admiralty Court

    Any court governed by admiralty law, whether the court is officially ...
  3. Maritime Law

    A body of laws, conventions and treaties that governs international ...
  4. Approved Delivery Facility

    A facility authorized by an exchange to be used as a location ...
  5. Incoterms

    Trade terms published by the International Chamber of Commerce ...
  6. Free On Board - FOB

    A trade term requiring the seller to deliver goods on board a ...
Related Articles
  1. Are You Trying To Get Sued?!
    Insurance

    Are You Trying To Get Sued?!

  2. Handcuffs And Smoking Guns: The Criminal ...
    Options & Futures

    Handcuffs And Smoking Guns: The Criminal ...

  3. How To Pick The Right Lawyer
    Personal Finance

    How To Pick The Right Lawyer

  4. Government Regulations: Do They Help ...
    Entrepreneurship

    Government Regulations: Do They Help ...

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center