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Industry Groups Criticize Hood's Latest Lawsuit

Two industry organizations have come out against Mississippi Attorney General Jim Hood's decision to file suit against State Farm related to an agreement for a mass settlement of claims over

By Eric Gilkey | Updated on June 19, 2007

Two industry organizations have come out against Mississippi Attorney General Jim Hood’s decision to file suit against State Farm related to an agreement for a mass settlement of claims over Hurricane Katrina damage.

U.S. Chamber Institute for Legal Reform President Lisa A. Rickard derided Hood’s decision in a release, and accused the attorney general of having ulterior motives. “This latest lawsuit by the Mississippi attorney general has little to do with compensating Mississippi homeowners for their Katrina losses, and more to do with plaintiffs’ lawyers getting their cut of the compensation money,” she said. “With this newest lawsuit, the bottom line is not whether the people of Mississippi will get fair compensation on their losses, it is whether or not the state attorney general can subvert a fair process in order to give trial lawyers a cut — ultimately at the expense of Mississippi homeowners.”

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