In this weeks Speaking of Justice podcast, our guest is famed Civil Action Attorney Jan Schlichtmann who joins us to discuss the $1 billion TelexFree ponzi scheme litigation which is nearing a crucial ruling regarding bank liability for the fraudulent or criminal actions of it's customers. This ruling addresses the "know your customer" rule and standard of liability which focuses on the concept that banks have a obligation to recognize obvious criminal or fraudulent activity and funds which move their their banking system.
Host Mark Wahlstrom also looks at the recent trend in mass torts and class actions by defendants to quickly move companies into bankruptcy court, thus short circuiting the MDL process and potentially impeding recoveries for injury victims.
Speaking of Justice is a featured presentation of The Legal Broadcast Network and is a weekly audio podcast which is long form in nature and takes a closer look at stories, cases and issues then our usual video interviews and summaries allows. Subscribe on SoundCloud so you don't miss any of our weekly shows.