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News
April 21, 2014

In the News – April 21, 2014

At least six new securities suits were filed against BP PLC in Texas Court on Friday. The suits were filed by “groups of foreign businesses and U.S. retirement funds” alleging the Deepwater Horizon oil spill cost them millions of dollars.  Law 360  ($)

A new report from Fitch Ratings, “2014 U.S. Asbestos Liability Dashboard,” details the impact of asbestos liability on insurance companies — and a “steady loss of $2 billion annually that doesn’t appear to be slowing down.”  Legal Newsline 

A group of Delaware state senators announced plans to introduce legislation that would disallow commission-based contracting for escheat, which is considered abandoned or unclaimed property. This move comes shortly after ILR released, “Unclaimed Property – Best Practices for State Administrators and the Use of Private Audit Firms.” In addition to providing best practices for state officials, this paper examines how private auditors acting under the authority of state officials, appear to be rewriting the rules of public confiscation of unclaimed property.  Delaware State News

Arizona skyline Blog Arizona Governor Signs Law to Prevent Over-naming in Asbestos Lawsuits Asbestos calculator bankruptcy system Blog Protect the Integrity of the Bankruptcy System. Don’t Let Trial Lawyers Destroy It Other Issues Blog West Virginia Wants to Pay Jurors More---That’s a Good Thing Asbestos, Other Issues Podcasts Episode 23: Torts of The Future: Drones Class Action Litigation, Other Issues Press Releases US Chamber of Commerce Institute For Legal Reform Issues Statement on West Virginia Gov. Jim Justice’s Appointments to the Intermediate Court of Appeals Other Issues

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