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January 2, 2018

Securities Litigation Hits All-Time High

Lawmakers to take another stab at ending claims abuses blamed for rate hikes: After failing to pass a reform bill since 2013, Florida legislators will once again take up a bill to curb assignment of benefits lawsuit abuse. Insurance rates for homeowners in South Florida will increase by 5 to 15 percent this year, a hike largely attributed to the rising costs associated with the surge of assignment of benefits lawsuits. (Sun Sentinel)

TransUnion, Chamber Back Spokeo’s High Court Standing Bid:  A U.S. Chamber of Commerce brief urges the U.S. Supreme Court to rehear its 2016 Spokeo ruling, which the brief said led to widespread “chaos and confusion.” The case has led to a nationwide debate over a plaintiffs’ standing in court. (Law360)

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