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October 19, 2015

In the News Today – October 19, 2015

The Associated Press this weekend spotlighted the “increasingly aggressive” tactics of state governments to track down unclaimed property. Thanks to these aggressive tactics, a startup by two medical researchers who developed a Hepatitis B treatment was forced to sue the state of Delaware when the state aggressively took control of $1.7 million of the company’s stock. The company took a big loss in the process. (Associated Press)

Louisiana State Rep. Stuart Bishop pens a letter spotlighting his state’s poor ranking in ILR’s 2015 Lawsuit Climate Survey. “Calls for lawsuit reform are coming from a wide spectrum of citizens from all walks of life who recognize that our state’s dysfunctional court system costs jobs, hinders economic growth and overwhelmingly benefits a small group of trial lawyers at the expense of everyone else.” (The Advocate)

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