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February 6, 2014

In the News Today – February 6, 2014

A judge’s recent decision should be a wake-up call for the potential for fraud in asbestos litigation, ILR’s Harold Kim tells NPR. “When you start building the case, when you start seeing more and more of these instances, you got to really question whether this is an outlier or not.”

Last week, the Indiana House passed a bill that would cap the rate of return for lawsuit lenders at 38 percent. The lenders currently operate with little oversight in the state, allowing them to sometimes charge customers sky-high rates. Associated Press

On Wednesday, the House Judiciary Committee voted to reauthorize the Over-Criminalization Task Force. The task force is looking at possible reforms to the federal criminal code, including one that would require prosecutors to show that a crime was committed intentionally. Main Justice ($)

Morgan Stanley agreed to pay $1.25 billion to settle allegations that is sold substandard mortgage securities to Fannie Mae and Freddie Mac. New York Times

Arizona skyline Blog Arizona Governor Signs Law to Prevent Over-naming in Asbestos Lawsuits Asbestos litigation funders, beach scene Blog Sun, Sea, but no Sand(box) for Florida Lawsuit Investors Lawsuit Lending, Third Party Litigation Funding (TPLF) Blog West Virginia Wants to Pay Jurors More---That’s a Good Thing Asbestos, Other Issues News New Blog: Funders And Claimants’ Lawyers Continue To Feast On Class Members’ Compensation International Initiatives, Lawsuit Lending, Third Party Litigation Funding (TPLF) News California Asbestos Verdict Reversed; Wrong State's Laws Were Used Asbestos

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