In The News Today – September 12, 2014
Mark Behrens, partner, Shook, Hardy and Bacon, writes in the Washington Legal Pulse, that, “On September 9, the Supreme Court of Missouri struck down the state’s legislative limit on the amount of punitive damages that can be imposed on defendants. Under the cap, punitive damages could not exceed the greater of $500,000 or five times the net amount of the judgment.” (Washington Legal Pulse)
Litigation funders “would have to give priority to the interests of their clients rather than their shareholders” under plans for a regulatory overhaul that have been presented to the federal government. These changes are part of an options paper prepared by the U.S. Chamber Institute for Legal Reform “that calls for a special licensing regime for litigation funders that would be enforced by the Australian Securities & Investments Commission.” (The Australian)
