Florida Governor Expected to Sign Bill Limiting Lawsuits against Car Makers
Lawmakers expect Florida Governor Rick Scott to sign a bill that would make it more difficult for injured plaintiffs to win product liability damages in lawsuits against automakers and manufacturers of defective products. Under the proposed law, juries would have to consider the fault of all persons who contributed to a car accident when deciding damages in the products […]
Smith Barney Municipal Bond Funds Arbitration Award is Largest Securities Arbitration Award Ever
Sunday’s New York Times business article, “A Crack in Wall Street’s Defenses,” discusses the largest ever securities product arbitration award to individuals. The award, against Smith Barney, compensates individuals who wanted relatively safe investments, municipal bonds, but were sold highly risky arbitraged municipal bond fund portfolios. The only ones benefiting were the brokers, whose commissions were 40 percent of the total fee. […]
Florida Jury Awards $2.8 Million to Victim’s Family in Wrongful Death Suit
Earlier this month, a Florida jury awarded $2.8 million to the family of a 23-year-old man killed in a motorcycle accident in Daytona Beach. On May 30, 2007, the victim was riding his motorcycle near Halifax Health Medical Center. The defendant failed to yield the right of way in his Ford Mustang and struck the motorcycle, according […]
DePuy Hip Replacement Patient Testifies before Senate Panel
“Recalls were for dishwashers and cars, not body parts.” Those were the words of a DePuy hip replacement patient as she testified before a U.S. Senate hearing on medical device safety earlier this month. In August 2010, DePuy Orthopaedics voluntarily recalled its ASR hip replacement system. Since then, class action lawsuits have sprung-up across the country over the defective […]
