PHILADELPHIA (Legal Newsline) - The American Law Institute (ALI) is as powerful as any society with a membership of 3,000 of the nation’s leading lawyers could be. And since its founding in 1923, the Philadelphia-based group of judges and academic and practicing lawyers has been as obscure as a group with so much power would want to be.
Senate Obamacare repeal failures warning sign for business and banking communities on rescinding anti-arbitration rule
WASHINGTON (Legal Newsline) - Business and banking interests are working to ensure that an upcoming Senate attempt to rescind the Consumer Financial Bureau Protection’s (CFPB) anti-arbitration rule plays out differently than repeated failures by Senate Republicans to repeal any or all of Obamacare. And they are enlisting help on the state level to do it.
PHILADELPHIA (Legal Newsline) - In the face of withering criticism from the insurance industry, state officials, and most recently, counsel for some of the country’s largest corporations, the American Law Institute (ALI) yesterday decided to delay a vote on a Restatement of the Law covering liability insurance for a year. The now delayed project was scheduled for discussion before the full ALI body today.
PHILADELPHIA (Legal Newsline) - Business attorneys, state insurance regulators and state lawmakers are so troubled over an impending final vote on a proposed Restatement of law covering liability insurance that they are urging American Law Institute (ALI) officials to delay it, and consider making significant changes to the document.
NEWPORT NEWS, Va. (Legal Newsline) - Legislation bringing greater transparency to an asbestos victims’ compensation system that can result in attorneys and their clients collecting multiple times for the same alleged injury is the best way to prevent duplicitous exposure claims from being made, concludes a review of court cases in Virginia's asbestos litigation “epicenter.”
OKLAHOMA CITY (Legal Newsline) - Two Oklahoma women and their attorneys have dropped a class action lawsuit in federal court that blames the recent spate of earthquakes in the state on oil and gas exploration, but they will re-file their claims against the fracking industry next year in a different court.
The negative publicity surrounding lawsuits alleging the oil and gas industry are responsible for earthquakes in Oklahoma is likely to cause more damage than the outcome of any of the suits - despite the plaintiffs' challenge of finding evidence tying fracking to the surge in activity.