In The News Today – May 7, 2014

Steven I. Zeisel, Executive Vice President and general counsel at the Consumer Bankers Association, takes issue with a recent Consumer Financial Protection Bureau report on consumer arbitration, writing that, “for nearly 90 years, arbitration has been a valuable means for consumers to quickly and easily resolve disputes in an efficient and affordable manner.” (American Banker)

“What were FDA officials doing behind closed doors with those trial lawyers, anyway?” writes WSJ Corporate Intelligencer’s Ed Silverman. “This question has been nagging generic drug makers for several weeks as they scramble to fend off a proposed FDA rule they worry will leave them more vulnerable to costly lawsuits.” (WSJ Corporate Intelligencer)

The Jackson (MS) Clarion-Ledger takes a 10-year retrospective look at the major state legal reforms passed in 2014, writing, “As the 10th anniversary of Mississippi’s 2004, ‘tort reform’ — limits on lawsuits — nears, supporters say the changes provided stability for doctors and businesses. (The Clarion-Ledger)