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News
May 29, 2015

In the News Today – May 29, 2015

“Plaintiffs’ lawyers are already exploiting the TCPA’s outdated language and using conflicting federal court rulings to bring abusive and costly class action lawsuits against businesses. The FCC’s proposals would only worsen the problem by lowering the bar for filing such lawsuits, while providing few if any meaningful benefits to consumers.” Read the full statement from ILR President Lisa A. Rickard and U.S. Chamber Senior Vice President Richard Kovacs here.

Evidence submitted by Garlock Sealing Technologies shows the company’s legal costs skyrocketed as a bankruptcy wave saw 28 companies establish bankruptcy trusts from 2000-2002. In 1999, Garlock paid an average of almost $10,000 to settle mesothelioma claims. By 2006, the claims paid by Garlock reached an average of almost $80,000. The company filed for bankruptcy in 2010. (Legal Newsline)

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