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News
May 29, 2014

In the News Today – May 29, 2014

The Louisiana Senate approved legislation, “prohibiting the hiring of attorneys on a contingency fee basis and requiring the attorney general to get approval of the Legislature or the Joint Legislative Committee on the Budget before he can hire attorneys.” (The Daily Advertiser)

In an article for the American Journal of Trial Advocacy, titled, “The Garlock Decision Should be Required Reading for All Trial Court Judges in Asbestos Cases,” former Delaware Superior Court Judge Peggy L. Ableman discussed the difficulties in her experiences accounting for bankruptcy trust recoveries in asbestos lawsuits due to lack of transparency and abusive practices. She writes that the Garlock decision, “reveals just how widespread the tactics of strategic non-disclosure and trust submission timing have become.” (Legal Newsline)

A federal bankruptcy judge approved the largest environmental settlement ever won by the U.S. government. The $5.15 billion settlement by Anadarko Petroleum stems from claims resulting from the company’s acquisition of Tronox, Inc. Most of the settlement’s proceeds, about $4.5 billion, are earmarked for cleaning up thousands of sites around the country contaminated by creosote and uranium debris. (Wall Street Journal)

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