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June 20, 2014

In The News Today – June 20, 2014

Twitter, Inc. is the latest company to be hit with a class action lawsuit under the Telephone Consumer Protection Act (TCPA) — this one a $5 million suit that accuses the social networking company of sending “unsolicited text messages.” The suit seeks, “at least $500 in damages for each alleged TCPA violation, as well as injunctive relief and an award of statutory damages, together with costs and reasonable attorneys’ fees.” (Law360)

A North Carolina judge has deemed that the Department of Justice can move forward in its “mortgage-backed securities” case against Bank of America, despite the bank’s willingness to settle for $12 billion. Bank of America “has argued the case should be dismissed because the securities were sold to sophisticated investors and performed better than those sold by other banks.” (Wall Street Journal)

The Madison County-Illinois based Simmons Law Firm, one of the country’s largest asbestos plaintiffs’ firms, announced it is merging with New York-based Hanley Conroy firm, “meaning the new firm will have offices stretching from the west coast to the east coast.” According to the Manhattan Institute’s “Trial Lawyers Inc.: Illinois” report, the Simmons firm has been at the center of Madison County’s “asbestos juggernaut” for more than a decade. (LegalNewsline)

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