In The News Today - March 3, 2015

March 03, 2015

After agreeing to a $2.6 billion settlement with the federal government just last week, Morgan Stanley says it now expects to be sued by New York Attorney General Eric Schneiderman over subprime mortgage bonds. (Boston Herald)

Louisiana Lawsuit Abuse Watch executive director Melissa Landry is calling into question who has really benefited from BP's oil spill settlement. “Class action lawsuits are notorious for producing highly lucrative legal fees, but the lawyers and administrators profiting off of [sic] the BP settlement have brought this unscrupulous practice to a whole new level,” she notes. (The Hayride)

A Georgia man filed a proposed class action against Wal-Mart for Telephone Consumer Act (TCPA) violations. Class certification in a similar proposed class action against the company was rejected by a Florida federal judge in January. (Law360)