Last month, the Texas Senate passed Senate Bill 30, joining a growing group of state legislatures seeking to limit plaintiffs’ tort recovery. According to the bill’s proponents, the legislation is intended to limit so-called “nuclear verdicts,” generally understood to refer to verdicts in excess of $10 million.

On May 22, 2025, the Supreme Court issued its opinion in Kousisis v. United States, holding that the government need not prove an intent to cause economic loss, let alone actual economic loss, in order to sustain a conviction for wire fraud under 18 U.S.C. § 1343.