Bill Summary for S 648 (2013-2014)

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Summary date: 

Jun 25 2014

Bill Information:

View NCGA Bill Details2013-2014 Session
Senate Bill 648 (Public) Filed Tuesday, April 2, 2013
A BILL TO BE ENTITLED AN ACT TO CREATE TRANSPARENCY IN CONTRACTS BETWEEN THE ATTORNEY GENERAL AND PRIVATE ATTORNEYS, TO PREVENT THE ABUSE OF PATENTS, TO ALLOW FOR SHAREHOLDER ASSENT TO EXCLUSIVE FORUM, AND TO LIMIT ASBESTOS-RELATED LIABILITIES FOR CERTAIN SUCCESSOR CORPORATIONS.
Intro. by Jackson, Meredith, J. Davis.

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Bill summary

House committee substitute deletes all provisions from the 4th edition except retains Section 1, which enacted new Article 2A, Transparency in Third-Party Contracting by Attorney General,in GS Chapter 114.

Makes the following changes to Section 1. Prohibits the Attorney General from giving permission under GS 114-2.3 for a state agency to enter into a contingency fee contract that allows the private attorney to receive an aggregate contingency fee, exclusive of reasonable costs and expenses, in excess of prescribed percentages linked to the amount of damages. Deletes the delineated record keeping requirements for any private attorney under contract to provide services to a state agency on a contingency fee basis and instead requires the private attorney under contract to a state agency on a contingency fee basis to maintain all records related to that contract in accordance with the Revised North Carolina Rules of Professional Conduct. Amends the long title of this act to conform with the bill content.