Tort Reform: Lawyers Resist Bill to Limit Nuclear Verdicts
The Texas Senate has passed SB30 and now the bill goes to the House for consideration. The bill would cap recoverable medical expenses at 300 percent of Medicare rates in many cases, and implement stricter standards for pain and suffering damages. Opposition to the bill is strong among trial lawyers and legal firms who argue it benefits insurance companies and big business at the expense of injured Texans.
Icahn's Lawsuit Against Commercial Mortgage-Backed Securities Loan Special Servicer Clears Hurdle
A judge found that two of Icahn's businesses—Icahn Partners LP and Icahn Partners Master Fund LP—had properly alleged that Rialto Capital Advisors LLC's handling over the loans had specifically impacted Icahn, which held the majority of one class of bonds. Icahn was represented by the New York litigation boutique, Pallas Partners, and Garman Turner Gordon.