Illinois News

March 26, 2013

Herndon: Parties want litigation resolved at MDL stage

Legal Newsline | March 26, 2013

For Chief Judge David R. Herndon, nothing is ever set in stone, especially in multidistrict litigation.

March 21, 2013

Illinois Lawsuit Against S&P on Ratings Halted by Judge

Bloomberg | March 21, 2013

A lawsuit brought by the state of Illinois against the McGraw-Hill Cos. and its Standard & Poor’s unit over allegedly misleading ratings given to residential mortgage-backed securities was halted by a U.S. judge.

Tags: Illinois, Securities Litigation

March 8, 2013

OPINION: Stop the “lawsuit loan sharks”

Madison County Record | March 8, 2013

Sitting in the middle of the country far from the coasts, Illinois is not known for sharks. But soon, if personal injury lawyers and allies get their way in the Capitol, Illinois could become known for “lawsuit loan sharks.”

Tags: Illinois, Lawsuit Abuse Impact, Third-Party Litigation Financing

Lawmakers hear testimony on Kay’s asbestos ‘double-dipping’ bill

Madison County Record | March 8, 2013

There might not have been a vote, but lawmakers heard testimony this week over legislation aimed at preventing “double-dipping” by asbestos claimants. Sponsored by Rep. Dwight Kay, R-Glen Carbon, House Bill 153 would require plaintiffs seeking compensation for their asbestos-related injuries to disclose their trust claims information within 30 days of the start of discovery in their lawsuits.

Tags: Asbestos, Illinois

March 7, 2013

Thapedi introduces legislation on hourly billing rates, lawsuit lending

Madison County Record | March 7, 2013

Legislation that would adopt a federal standard to determine hourly attorney billing rates has been introduced in the Illinois General Assembly. The 26-3 vote moved Senate Bill 483 to the House.

Tags: Illinois, Lawsuit Abuse Impact, Third-Party Litigation Financing

February 27, 2013

House GOP includes tort reform in ‘pro-growth jobs’ legislative package

Madison County Record | February 27, 2013

Rep. Dwight Kay, R-Glen Carbon, on Monday introduced a package of legislation he believes will help create more jobs and make Illinois more competitive with its neighboring states.

Tags: Illinois, Lawsuit Abuse Impact

February 25, 2013

OPINION: Illinois cannot afford to move backwards on lawsuit reform

Madison County Record | February 25, 2013

The legislative session is heating up and there are several lawsuit reform initiatives awaiting action in committees in both the House and the Senate. The fate of this legislation remains unknown but if history is any indication, the prospects of these common-sense lawsuit reforms is doubtful at best.

Tags: Illinois, Lawsuit Abuse Impact

February 20, 2013

Out of state plaintiffs sue Merck Sharp & Dohme over Fosomax in St. Clair County

Madison County Record | February 20, 2013

The family of a deceased Missouri woman is one of several plaintiffs from multiple states suing the makers of an osteoporosis medication for allegedly making exaggerated claims about the drug’s benefits.

Tags: Illinois