Securities law changes debated: supporters say bill restores fairness; critics claim it cuts investor protections

Article Abstract:

The US House and Senate have each passed a version of legislation to stop abuses in securities litigation, but critics say they would do more harm than good and virtually end private securities enforcement. Each of the bills is broad and addresses virtually all areas of securities litigation in an effort, according to lawmakers' rhetoric, to stop enriching lawyers at the expense of investors. Many groups oppose the changes, including the American Bar Assn, the Securities and Exchange Commission, and the AFL-CIO.

United States, Political aspects, Securities law, Law reform, Legal reform

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Record implant verdict; hundreds more cases filed after $25 million awarded to Texas woman

Article Abstract:

A Texas jury has awarded Pamela Jean Johnson $25 million on a claim that her silicone breast implants led to autoimmune disease. The maker of the implant involved in the suit was Medical Engineering Corp, a subsidiary of Bristol-Myers Squibb. The number of similar cases filed has increased greatly since the verdict, although some attribute the growth in cases to ongoing publicity about the implants' risks.

Cases, Product liability, Medical equipment, Personal injuries, Products liability, Breast implants, Silicones in medicine, Medical silicones

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