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Practice Tip: The Economic Loss Rule

A relative youngster in terms of legal doctrines, the Economic Loss Rule has quickly gained widespread acceptance in state and federal courts. First recognized by California in 1965, it has now been endorsed in some form by the U.S. Supreme Court and nearly every state.

24 minute read December 18, 2009 at 10:13 AM
By
Jason P. Thomas And John L. Tate
Practice Tip: The Economic Loss Rule

A relative youngster in terms of legal doctrines, the Economic Loss Rule has quickly gained widespread acceptance in state and federal courts. First recognized by California in 1965, it has now been endorsed in some form by the U.S. Supreme Court and nearly every state.

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