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CFPB's new rule 'large gift for class action lawyers'; Court challenges coming

As the director of a federal consumer protection agency seemingly fights for his job, he has gone ahead with plans to finalize a controversial rule – and a court challenge seems imminent.

Phoney Lawsuits: Attorneys accused of racketeering, manufacturing claims

One company recently brought into the world of litigation under the Telephone Consumer Protection Act doesn’t like what it sees. BrandRep is taking its anger out on Beverly Hills, CA, attorney Todd Friedman, one of the most prolific lawsuit-filers in the country.

Phoney Lawsuits: How a Polish immigrant apparently sued his way to $800K

FDS Bank says the man no longer qualifies for Social Security disability benefits because he has made approximately $800,000 from filing 31 lawsuits. FDS says he made less than $30,000 in 2009 working construction before creating a scheme to manufacture claims under the federal Telephone Consumer Protection Act.

Phoney Lawsuits: A federal law is giving litigious people a new income stream

More than 25 years after its passage, a federal telemarketing law hasn’t just created a cottage industry for lawyers – it has spawned a group of professional plaintiffs like Stoops who are armed with several cell phones for the purpose of receiving debt collection calls often intended for other individuals.

Despite Garlock settlement, asbestos lawyers can't shake racketeering claims yet

CHICAGO - A company that frequently finds itself targeted by asbestos attorneys is taking the reins on racketeering claims that allege those lawyers manipulated the system to unfairly drive up the costs of settlements and verdicts.

U.S. House passes asbestos, class action reform bill under veto threat

WASHINGTON (Legal Newsline) – Under threat of a presidential veto, the U.S. House of Representatives on Friday passed a bill that targets class action lawsuits and the asbestos injury compensation system.

Chicago housing voucher participants living in luxury

CHICAGO – Information collected from the Chicago Housing Authority shows low-income families who are participating in a rent voucher program are living in some of Chicago’s most luxurious apartment buildings.In August, the CHA announced it was making changes to its Housing Choice Voucher program, two weeks after a Chicago Business article reported that federal funds administered by CHA were being used

Seventh Circuit calls Pella class action settlement ‘scandalous;’ removes Paul Weiss as attorney

PosnerA federal appeals court has overturned the approval of a multi-million dollar class action settlement, describing it as “inequitable – even scandalous.”The U.S. Court of Appeals for the Seventh Circuit on Monday overturned a settlement involving window-maker Pella Corporation that was estimated to be worth $90 million, though the court feels its value is much, much less.Class counsel was to receive