In the News Today - May 15, 2015

May 15, 2015

ILR President Lisa A. Rickard commends the House Judiciary Committee for its approval or H.R. 526, the Furthering Asbestos Claim Transparency Act (FACT Act). The measure prevents asbestos claims double-dipping by requiring bankruptcy trusts to disclose claims requests. (Law360)

“For well over a century, Nevada has attracted prospectors in search of wealth,” writes ILR Executive Vice President Harold Kim in the Las Vegas Review-Journal. “But in recent years, a group of prospectors has come not to the Silver State’s casinos or the gold mines in search of treasure, but to the office of the attorney general. These are plaintiffs’ lawyers seeking to represent Nevada in mega lawsuits, usually against companies or industries. These cases can generate considerable wealth for those attorneys — at the expense of Nevada taxpayers.” (Las Vegas Review-Journal)

U.S. District Judge Charles R. Breyer on Thursday refused to dismiss an indictment against FedEx Corp. over allegations of online shipments of controlled substances. (Law360)