In the News Today - May 24, 2017

May 24, 2017

U.S. Corporate Legal Spending Far Outpaces Rest of World: Companies in the U.S. spend nearly triple the amount on legal services for every dollar of revenue than counterparts around the globe according to legal research company Acritas. (Law360)

North Carolina Asbestos Bill Passes the House Judiciary II Committee: Senate bill 470 was approved on a 6-4 party-line vote yesterday by the North Carolina House Judiciary II Committee. The measure, which passed the Senate 43-5 in April, would require plaintiffs to research and file claims with all potentially liability bankruptcy trust funds within the first 30 days of a civil suit. It would also require that the plaintiffs provide information about previous awards to the defendant. (WRAL.com)