Yorks

Unregulated Lawsuit Lending Industry Sparks Crisis in New York’s Real Estate World

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New York City – An unregulated, multi-billion dollar industry in New York is causing a “crisis” in the real estate world, according to two powerful building and construction groups. The Associated Builders and Contractors (ABC-NYS) and Real Estate Board of New York (REBNY) are calling for reforms to the practice of “third-party litigation lending,” which provides quick cash advances to potential plaintiffs who may not have to repay the money if they lose their lawsuit. “What it’s created is a general liability crisis,” said Brian Sampson, president of ABC-NYS. The groups argue that the industry, … Read more

New York’s Red-Flag Gun Seizures Reach Record High as Evidence Rooms Overflow

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Buffalo, New York – New York State has implemented an ambitious experiment with red-flag laws to combat gun violence, leading to a sharp increase in the number of firearm seizures. Under these laws, individuals deemed at risk of harming themselves or others can be prevented from possessing or purchasing firearms. The state’s civil court judges approved over 4,300 final orders under the law last year, up from just 222 the previous year. The New York State Police and local law enforcement agencies removed at least 1,800 guns in 2023, leading to a storage crisis. The … Read more