In the News Today -March 20, 2020

March 20, 2020

Oklahoma Senate Votes to Put a Cap on Non-Economic Damages: Last week, the Oklahoma Senate vote in favor of a proposed constitutional amendment that will reinstate the cap on non-economic damages.(Insurance Journal) 

TPLF Deal Raises Ethical Red Flags: A deal signed by Pierce Bainbridge founder John Pierce to trade half of future returns from a selection of legal cases in exchange for upfront cash includes a handful of unusual elements and ethical red flags. The financing deal is a 50-50 split on all future fees from a portfolio of cases, which could violate the ban on lawyers splitting fees with non-lawyers. (Law 360)