In The News Today – February 20, 2015
Investment firm Gray Financial Group, Inc. has lodged a suit against the U.S. Securities and Exchange Commission in the latest of a wave of challenges against the body’s use of administrative courts. Gray argues the practice unconstitutionally denies them the procedural safeguard of injunctive relief. (Law360)
Sullied former New York State assembly leader Sheldon Silver was indicted Thursday on fraud and extortion charges related to “a secret and corrupt scheme” related to referrals of asbestos litigation and steering of taxpayer funds to a cancer research center. (Law360)
Steve Augustino, a partner at Kelley Drye & Warren LLP, reports that the number of Telephone Consumer Protection Act lawsuits have spiked since 2011 due to the incentive structure inhered in the statute. (Legal Newsline)
