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News
August 31, 2016

In the News Today – August 31, 2016

  • Coalition of State AGs Urges CFPB to Withdraw Anti-Arbitration Rule: Attorneys General in West Virginia, Arkansas, Michigan, Nevada, Oklahoma, South Carolina and Texas sent a letter to the Consumer Financial Protection Bureau (CFPB) urging the bureau to “withdraw its arbitration rule that attempts to limit companies from including mandatory arbitration clauses in consumer financial agreements.” (Legal Newsline)
  • Plavix Ruling ‘Cements’ CA As ‘Battleground For Mass Torts’: The California Supreme Court’s “ruling that state courts have jurisdiction to hear out-of-state residents’ claims” over alleged injuries from the blood-thinner drug Plavix “expands the scope of specific personal jurisdiction and cements the Golden State’s status as a battleground for mass torts.” (Law360)
  • SEC Awards Second-Largest-Ever ‘Whistleblower’ Award: Without naming the “tipster” or the employer, the U.S. Securities and Exchange Commission announced its “second-largest whistleblower award” since the program’s inception in 2011. The award reportedly totaled $22 million and the SEC said it went to a “person who helped the agency stop a ‘well-hidden fraud’ at the tipster’s company.” (Wall Street Journal

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