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Daily Business Review

Republican-Controlled House Passes 'Transformative' Lawsuit Limits

House Speaker Paul Renner said the bill will help eliminate "gamesmanship" in the legal system and lead to savings that will ripple through the economy.
4 minute read

New York Law Journal

Breaking With Own Precedent, First Department Rules 'Extreme and Outrageous Conduct' No Longer 'Essential' to Emotional Distress Claims

"There is no stated rationale as to why extreme and outrageous conduct would be a required element for both an intentional act as well as a negligent act," wrote appellate Justice Troy K. Webber. "As such, we now hold that extreme and outrageous conduct is not an essential element of a cause of action to recover damages for negligent infliction of emotional distress."
6 minute read

Daily Business Review

CFTC Settles Leveraged Precious Metals Suit for $38M in Restitution and Penalties

In one of the most significant enforcement matters pursued by the Commodity Futures Trading Commission (CFTC) in recent times, a federal judge has approved a settlement requiring a group of defendants to pay millions in restitution to victims of a leveraged precious metals trading program.
5 minute read

The American Lawyer

Boosting Head Count and Profitability, O'Melveny & Myers Became a $1 Billion Firm in 2022

The global law firm increased gross revenue by 12.4% and head count by 10.7% without reducing RPL or PEP.
6 minute read

Daily Business Review

Proposed Florida Laws are Good News for Insurers—as Plaintiff Lawyers Push Back

"Governor DeSantis has repeatedly pledged to take on the toughest issues, and he has delivered," William Large said. "Now, with help from the legislature, he's taking on the trial lawyers in dramatic fashion."
6 minute read

Daily Report Online

Business Owners Sue CSX, Norfolk Southern, Maersk, Alleging They Never Got Goods Due to Train Crash

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

Texas Lawyer

Cozen O'Connor Kicks NFL Commentator's Defamation Suit Against Marriott to Fed Court

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

Daily Report Online

Georgia Jury Returns $2.5M Verdict: Inside the Litigation Strategy

"As emails were admitted and published to the jury, they just instantly pop up, and they have their own little TV screen where they can just read for themselves," said plaintiff attorney Adriana R. Midence of Jackson Lewis in Atlanta. "We thought that was really effective."
6 minute read

Texas Lawyer

Conflict of Interest: Small Houston Law Firm Snared in Dispute Between Oil Magnates

The boutique firm faces a breach-of-fiduciary-duty lawsuit.
5 minute read

The Legal Intelligencer

Pa. Justices Greenlight 'Aiding and Abetting' Ponzi Scheme Lawsuit Against Bank

"Many frauds, especially complex commercial frauds, cannot be perpetrated without the active assistance of secondary actors such as accountants, lawyers, bankers, analysts, etc.," Justice Kevin Dougherty said.
5 minute read

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