In The News Today – January 13, 2015
The U.S. Supreme Court on Monday declined to hear an appeal filed by several banks, including Royal Bank of Scotland and Wells Fargo & Co., over a lawsuit filed by the National Credit Union Administration over the banks’ sale of mortgage-backed securities to several “now-failed” credit unions. (Reuters)
Incoming West Virginia Senate President Bill Cole said on Monday that leadership will begin with “tort, not tax reform” on the legislative priority list. Cole listed joint and several liability, venue shopping, and the creation of an intermediate court of appeals as legal reform priorities. (Beckley Register-Herald)
President Obama on Monday signed into law the U.S. Chamber-supported Terrorism Risk Insurance Program Reauthorization Act of 2015 (H.R. 26). (Associated Press)
