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News
June 6, 2014

In The News Today – June 6, 2014

A group of Australian business organizations are backing the government’s, “planned crackdown on opportunistic securities class actions and warned that the impact of this form of litigation is far greater than asserted by plaintiff lawyers,” reports The Australian’s Chris Merritt. “There are entrepreneurial lawyers out there who don’t necessarily have the best interests of the legal system, the defendants, or the integrity of the court at heart — which is the duty of lawyers,” said AICD policy general manager, Rob Elliott, policy general manager of the Australian Institute of Company Directors. (The Australian)

“The past two decades have been infected by the proliferation of asbestos bankruptcy trusts and resultant manipulation of those trusts,” writes Sedgewick LLP’s Rachel Reynolds. “While the Garlock decision has opened up for scrutiny issues that were previously litigated, the court’s findings might also provide the political impetus necessary to pass asbestos transparency litigation.” (Law360 – subscription required)

The, “growing trend of plaintiffs’ attorneys attempting to impose duty to warn liability for asbestos-containing products manufactured by third-party companies” is the topic of a new article in the American Journal of Trial Advocacy. The article, authored by Mark Behrens and Margaret Horn of Shook, Hardy & Bacon, reveals, “how virtually every asbestos court to consider the theory has rejected it.” (LegalNewsline)

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