Posts Tagged ‘Chicago’

“The Personal Injury Lawsuit Crisis…”

…circa 1897,” in Chicago. It is well recognized that a legal culture of entrepreneurial claims-making and suit-filing, especially as regards road and transport mishaps, had emerged in some large American cities by the early Twentieth Century. But its development in all likelihood can be traced to even earlier points than that, perhaps stimulated in part by the widespread electrification of urban streetcar lines (previously animal-drawn) in the early 1890s. [Kyle Graham]

Chicago police destroy seized guns

The practice of destroying guns seized by police makes approximately as much sense as shredding money that falls into local governments’ hands, unless, like the Chicago police department, you adopt the view that “guns are the equivalent of free-roaming cobras, being lethal and unmanageable by any means except elimination.” [Steve Chapman, syndicated]

Banking and finance roundup

  • “You can’t prove that favoritism influenced FDIC” in going easy on brass at Chicago bank [Kevin Funnell]
  • Securities and Exchange Commission won’t give up bid for more power in stale cases despite 9-0 SCOTUS loss [my new Cato Institute]
  • Is JP Morgan paying an enforcement price for Dimon’s outspoken criticism of regulators? [Prof. Bainbridge; WSJ (reporting claims that “it took Mr. Dimon too long to shed a combative stance with regulators… In April the bank’s two top regulators told Mr. Dimon and his board that they had lost trust in management.”)] More on Standard & Poor’s claims that it was targeted for retaliation by federal government [Peter Henning, NYT DealBook, earlier]
  • Judge rules against law passed by Chicago on bank-owned vacant buildings [Chicago Real Estate Daily]
  • Post-merger derivative claims: “Delaware refuses to feed the sharks” [Bainbridge]
  • Payday lending fight pits New York regulator against some Indian tribes [Funnell, Native American Financial Service Association]
  • Stay on the line to learn more about the Verizon/Vodafone deal, or just press the star key to sue now [Daniel Fisher, Forbes]

Schools roundup

Police and prosecution roundup

Torts roundup

  • “City to pay $22.5 million to bipolar woman released in high-crime area” [Chicago Sun-Times, Greenfield]
  • On Medicaid settlement clawback evasion, Obama acts in line with wishes of both plaintiff’s and defense sides, though against interests of federal Treasury [Ted Frank] Michael Greve on Delia v. EMA, the Medicaid recoupment case before SCOTUS [Law and Liberty]
  • From Sasha Volokh, a Glee-ful Torts exam [Volokh]
  • Congrats to Abnormal Use, repeat winner in Torts category of ABA Journal Blawg 100;
  • UK: personal injury firms say they’ll need to lay off workers if government carries through on reform of civil suits [Law Gazette]
  • “How the First Amendment affects tort law” [Beck, Drug and Device Law]
  • Bummer: after involuntary pot brownie incident, lawsuit names club where incident took place [NJLRA]

Chicago law firm benefits from tax whistleblowing

According to the retailers group [Illinois Retail Merchants Association], Mr. [Stephen] Diamond’s Chicago law firm, Schad Diamond & Shedden P.C., has filed no fewer than 238 lawsuits in recent years against retailers small and large, which in its view failed to collect said shipping-and-handling sales taxes. Since the suits have been filed under a “whistle-blower” section of law, the firm is entitled to as much as 30 percent of any recovered taxes as well as attorneys’ fees for its trouble. And because it’s often easier and cheaper for defendants to settle rather than continue to fight, Schad Diamond reportedly has pocketed millions of dollars.

The office of Illinois Attorney General Lisa Madigan says the whistleblower provisions were intended for use by insiders disclosing misconduct rather than by outsiders, while “Illinois Revenue Director Brian Hamer says [the wave of suits] ‘has given Illinois a black eye’ and victimizes those who have made only an ‘inadvertent’ mistake.” [Greg Hinz, Crain’s Chicago Business]

Governments forcing out private editors: it’d never happen here. Right?

I’ve expanded into a longer Cato post my item about how (according to the New York Times) incoming French president François Hollande demanded and got the dismissal of the editor of Le Figaro, the leading opposition (conservative) newspaper. If you think such things would never happen in this country, you might want to catch up on a couple of stories from Chicago and Boston. The post is here.

P.S. They’re still fighting in Washington over media cross-ownership rules.