U.S. Chamber of Commerce News

Legal reform group: Allowing class actions in Mississippi a 'solution in search of a problem'

By John Breslin | Nov 7, 2017

JACKSON, Miss. (Legal Newsline) – As the Mississippi Supreme Court decides whether to allow class action lawsuits in state courts, a legal reform group has filed its opposition.

Attorney: Lawsuit against CFPB's 'unfortunate' arbitration rule helps protect businesses

By Jessica Karmasek | Oct 23, 2017

Joe Rubin, who recently was named senior vice president of government relations and public affairs at Washington, D.C.-based public relations firm MWWPR and who previously served as senior counsel at Arnall Golden Gregory LLP, said the plaintiff groups’ arguments are “very strong.”

Industry unhappy with risk of higher verdicts in New York's asbestos court

By Jessica Karmasek | Oct 18, 2017

The order, released in June, holds, among other things, that punitive damages awards are no longer deferred for cases placed on the trial calendar after the CMO’s effective date.

Lawsuit: CFPB’s anti-arbitration rule will mean ‘significant’ costs for businesses

By Jessica Karmasek | Oct 17, 2017

More than a dozen groups, including the U.S. Chamber of Commerce, American Financial Services Association and Financial Services Roundtable, filed a lawsuit Sept. 29 in the U.S. District Court for the Northern District of Texas, Dallas Division, against the Consumer Financial Protection Bureau’s new rule, finalized in July.

Missouri Congresswoman’s bill would kill DOL’s fiduciary rule, create best interest standard for broker-dealers

By Jessica Karmasek | Oct 5, 2017

U.S. Rep. Ann Wagner, a Republican, introduced The Protecting Advice for Small Savers, or PASS, Act of 2017 last week.

Arizona governor OKs changes to state disabilities law, giving businesses more time to address violations

By Jessica Karmasek | Apr 28, 2017

Gov. Doug Ducey, a Republican, signed the legislation, Senate Bill 1406, last week. The amendment to the Arizonans with Disabilities Act will allow businesses up to 90 days to fix access violations before a lawsuit can be filed. The amendment originally had included a 30-day compliance period.

Appeals piling up against DOL over its fiduciary rule

By Jessica Karmasek | Feb 27, 2017

A group of associations have filed an appeal in the U.S. Court of Appeals for the Fifth Circuit and a Kansas-based company has filed an appeal in the U.S. Court of Appeals for the Tenth Circuit over the controversial new rule. The rule mandates financial professionals who service individual retirement accounts, including IRAs and 401(k) plans, to serve the “best interest” of the savers and disclose conflicts of interest.

Certification issue not dead in class action against Wackenhut

By Kerry Goff | Feb 15, 2017

WASHINGTON (Legal Newsline) – On Nov. 21, a California appeals court reversed a trial court’s previous class action decertification on Lubin v. Wackenhut Corp.

Texas federal judge upholds DOL’s fiduciary rule, denies motion to stay case

By Jessica Karmasek | Feb 10, 2017

Judge Barbara M.G. Lynn, in a detailed 81-page order released Wednesday, shot down each of the plaintiffs’ major arguments, most notably deciding that the rule does not exceed the U.S. Department of Labor’s authority.

Groups want Third Circuit to enforce Flonase class action settlement against Louisiana AG

By Jessica Karmasek | Nov 7, 2016

The Washington Legal Foundation is among those calling on the U.S. Court of Appeals for the Third Circuit to overturn a Pennsylvania federal court’s decision that, they argue, would undermine class-wide settlements by permitting plaintiff states to file copycat lawsuits despite benefiting from a settlement.

U.S. DOL argues new fiduciary rule will have ‘enormous’ benefits for investors

By Jessica Karmasek | Aug 26, 2016

The Department of Labor, in a lawsuit brought by a group of trade associations in June, contends its conflicts of interest rule, despite the cost, better serves investors and aligns with other federal retirement laws. The department is asking a Texas federal court to rule in its favor.

Trade associations sue U.S. Department of Labor in hopes of overturning fiduciary rule

By Jessica Karmasek | Jun 22, 2016

The DOL released its final rule in April. The rule, sometimes referred to as the conflicts of interest rule, mandates financial professionals who service individual retirement accounts, including IRAs and 401(k) plans, to serve the “best interest” of the savers and disclose conflicts of interest.

Legislation would prohibit DOJ settlement terms that require donations to third parties

By Jessica Karmasek | Apr 30, 2016

Some federal lawmakers argue the bill is needed to keep the Department of Justice from directing millions, even billions, of dollars to certain groups. They contend only Congress has the power to make such decisions.

Groups argue FCC’s order interpreting TCPA goes too far

By Jessica Karmasek | Mar 15, 2016

Petitioners, intervenors recently filed final reply briefs in their case against the Federal Communications Commission in a federal appeals court. They argue in their filings that the commission’s July omnibus ruling interpreting the Telephone Consumer Protection Act expanded the law beyond its intended meaning.

U.S. House to take up combined bill targeting class actions and asbestos litigation abuse this week

By Jessica Karmasek | Jan 5, 2016

The House Committee on Rules is set to take up H.R. 1927 -- now the Fairness in Class Action Litigation and Furthering Asbestos Claim Transparency Act of 2015 -- Wednesday afternoon and then send it to the House floor for a vote.

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