New Tennessee Litigation Financing Law Has An Impact
A new Tennessee litigation financing law has already had an impact, according to a report in Insurance Journal. Whether that impact is viewed as positive or negative, of course, is a matter of...
View ArticleNew Jersey Legislation Would Cap Interest Rates For Litigation Funding
New Jersey’s legislature is considering a bill that would regulate the litigation funding business, and impose a 30 percent interest rate cap on litigation funding transactions, according to a New...
View ArticleLitigation Funding Agreement Unenforceable, Says Bankruptcy Court
A federal bankruptcy court in Connecticut held that a personal injury claimant’s obligation to a litigation funding company was a debt subject to discharge in bankruptcy, and that any purported lien or...
View ArticleLitigation Funding Company Settles with Chevron Corporation Over Claims...
News reports today indicated that British litigation funding company Woodsford Litigation Funding Limited has settled with Chevron Corporation over Woodsford’s role in providing $2.5 in financing for...
View ArticleVermont Should Cap Litigation Funding Interest Rates, Says Columnist
Vermont should regulate litigation funding, and put a cap on the effective interest rate charged by litigation funding companies, according to the author of an editorial column in the Brattleboro...
View ArticleBan Litigation Funding of Divorce Lawsuits, Says Law Review Article’s Author
The May 2015 issue of the Michigan Law Review includes a note entitled “Eliminating Financiers From the Equation: A Call For Court-Mandated Fee Shifting in Divorces” by Bibeane Metsch-Garcia, which...
View ArticleThird Circuit Court of Appeals: Assignment Was Champertous
The Third Circuit Court of Appeals this month affirmed a U.S. District Court’s ruling that an agreement constituted a “champertous” and invalid assignment, and therefore the plaintiff could not pursue...
View ArticleNew York Appeals Court Affirms Dismissal on Champerty Grounds
“A New York appellate panel . . . upheld the dismissal of a mismanagement suit over hundreds of millions of dollars in losses against [a] German bank . . . on champerty grounds, or prohibition of...
View ArticleVermont Puts Moratorium on Litigation Funding
Vermont’s governor yesterday signed into law a bill that includes a one-year ban on litigation funding agreements, beginning July 1, 2015. For twelve months beginning on that date, “a person shall not...
View ArticleLos Angeles Business Journal: Litigation Funding Expands, But Critics Say...
Should litigation funders be subject to rate caps, disclosure requirements, or laws that govern traditional lenders? Those are some of the questions raised in a recent article in the Los Angeles...
View ArticleU.S. Senate Focuses on Litigation Funding Practices, According to Institute...
Two U.S. Senators wrote to three litigation funding companies recently and asked the companies to be more transparent, according to a blog post last week by U.S. Chamber Institute for Legal Reform...
View ArticleLawsuit Advances Are Loans, Not Sales, Says Colorado Supreme Court
Companies that provide money to plaintiffs with pending personal injury claims, seeking to profit if the litigation is successful, are making loans, not sales, and therefore are subject to lending...
View ArticleNews Stories Focus on Lawsuit Funding Growth, Potential for Conflicts
The growth of the litigation funding business has drawn attention from media sources in recent months. The Sunday New York Times ran a lengthy piece last month on the business, asking whether...
View ArticleCommentary Asks Questions about the Ethics of Litigation Finance
Litigation funding is an business that has led to legal questions. A commentary in a recent Above The Law article also raises ethical questions, such as whether litigation funding will lead to a...
View ArticleBritish Celebrity News Features Hurley, Turner . . . and Litigation Funding
Actress Elizabeth Hurley, British television celebrity Anthea Turner, and gossip about disputes among them and others are the grist for a recent story in the U.K.’s Daily Mirror tabloid newspaper – a...
View ArticleNew York Times Reports on Law Firms and Litigation Financing
Relying on a litigation lender’s survey, the New York Times yesterday reported that more law firms may be turning to litigation financing companies to fuel growth, in part due to a lack of capital....
View ArticleReport Says Litigation Funders, Others Schemed to Inflate Damage Claims
Insurance Journal has reported this week that a pelvic mesh maker is accusing a group of doctors, lawyers and litigation funding companies of scheming to inflate damage claims. The publication says its...
View ArticleWall Street Journal: Litigation Funding Attracts Investors
A report this month in The Wall Street Journal describes how litigation funding has been a growing industry that has attracted new investors, as well as a few critics. The report, Litigation Financing...
View Article‘A Wrestler, A Website and Maybe A Billionaire’: News Reports Put Spotlight...
“Is Hulk Hogan’s courtroom cage match with Gawker being bankrolled by a high-tech billionaire with a grudge against the news-and-gossip site?” viagra without prescription canada That was the...
View ArticleMedia Focus on Hulk Hogan Grows, Continuing the Focus on Litigation Funding
Pro wrestler Hulk Hogan’s successful invasion-of-privacy lawsuit against web site Gawker has garnered more and more media attention, leading in turn to more and more attention for Hogan’s litigation...
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