'Ridiculously Low': Plaintiffs Bar Rips Proposed Cap on Med Mal Damages and Attorney Fees, While Defense Bar Stays Mum
"This is trying to stop or dissuade lawyers from taking these cases which is what has happened in many other states," said David Mazie of Mazie Slater Katz & Freeman. "They reduce litigation because it's not worth it for lawyers to take these risks and bring these cases. At the end of the day, the people who get hurt are those truly hurt by medical malpractice."
December 08, 2022 at 02:04 PM
4 minute read
New proposed legislation seeking to limit both compensatory damages and contingency fees in New Jersey medical malpractice cases has elicited strong backlash from the plaintiffs bar and silence from the defense bar.
"Given the increases in health care and insurance costs we should be looking at all avenues at reducing these costs throughout the system," said Sen. Nicholas J. Sacco, D-Bergen/Hudson, who introduced the bill in the Senate on Dec. 1. "Included in that are efforts to reduce litigation as well."
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J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
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Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
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Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
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