The ‘Cookie Cutter Approach’ to Consumer Legal Funding
The following is a contributed piece by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC).
In a recent article in Property Casualty 360 titled “Risk-based pricing remains the best option for consumers”, the leading advocate for the Property Causality Insurance industry stated that the best option for consumers is to have their insurance rates based on the probability that they will have an insurance claim, i.e. “Risk-Based Pricing”, and not on other factors such as income, race, gender, address, ethnic group, religion, marital status or nationality when determining their insurance scoring.
We couldn’t agree more!
Slater and Gordon & IMF Bentham File Class Action Against Murray Goulburn
One of Australia’s largest dairy food products companies, Murray Goulburn, has been hit with an investor class action. The action, on behalf of over 1,000 investors who purchased shares in Murray Goulburn’s listed entity MG Unit Trust between May 29, 2015 and April 26, 2016, is being brought by Slater and Gordon, and funded by IMF…
Keller Lenkner LLC Updates Investors Harmed by Elon Musk and Tesla, Inc.
CHICAGO, Aug. 20, 2018 /PRNewswire/ — Keller Lenkner LLC (“Keller Lenkner”) today updates investors on its previously announced securities fraud class action filed against Tesla, Inc. (“Tesla”) and its Chairman and Chief Executive Officer, Elon Musk (“Musk”), and announces the launch of a new dedicated website, www.teslatweets.com.
The Issue of ‘Control’ in Litigation Funding Arrangements
As litigation finance matures into a mainstream legal instrument, it’s natural for lawyers who are new to the product to express concern. One of the concerns that frequently arises has to do with the question of control; namely, how much of it do litigation funders exert over the cases they finance? The simple answer is:…
Key Health Named to the Inc. 5000 Fastest-Growing Private Companies
WESTLAKE VILLAGE, CALIF. (PRWEB) AUGUST 18, 2018
Key Health Medical Solutions, a leading medical lien funding company, was recognized today by Inc. magazine with inclusion on its 37th annual list of the 5000 fastest-growing private companies in the United States. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Key Health joins a prestigious group of renowned companies, such as Microsoft, Dell, LinkedIn, Yelp, and Zillow, that gained their first national exposure as honorees on the Inc. 5000.
Maurice Blackburn and Harbour Litigation Funding File Class Action Against Brambles
Maurice Blackburn and Harbour Litigation Funding have filed a shareholder class action against Australian-based supply chain logistics group Brambles. This is the second class action to be filed against the $15B multi-national, alleging a breach of continuous disclosure obligations which caused shareholders to experience losses of 16% and 10% subsequent to a pair of stock…
Iceberg Research Courting Litigation Funders in Securities Claim Against Hong Kong-Based Noble Group
Hong Kong-based commodities trader Noble Group has been posting some pretty massive losses lately. The latest second quarter results ended with a loss of $128.3M, less than 10% of its $1.75B loss one year ago. Iceberg Research, Noble’s harshest critic, is now calling on stakeholders to join a class action against the embattled trading company,…
Dennis Shields, Founder of LawCash, Esquire Bank and YieldStreet, Found Dead of Apparent Overdose
Dennis Shields, the on-again / off-again boyfriend of ‘Real Housewives of New York City’ star Bethenny Frankel, was found dead of an apparent Oxycontin overdose. Shields founded LawCash, a pioneer in the Consumer Legal Funding space. He also helped launch litigation finance-focused Esquire Bank, and online lending and investment platform YieldStreet.
Former Attorney Indicted for Using Dozens of His Clients’ Identities to Obtain Fraudulent Litigation Advances
ATLANTA – Chalmer “Chuck” Detling, II has been arraigned on seven counts of wire fraud and eight counts of aggravated identity theft. Detling was indicted by a federal grand jury on August 8, 2018, for using the identities of 36 former clients without their knowledge or authorization in order to apply for and obtain 50 fraudulent litigation advances, totaling hundreds of thousands dollars.
Top Firm Litigator to Lead New Montreal Office of Commercial Litigation Funder Bentham IMF
Company hires Pierre-Jérôme Bouchard, litigation partner at McCarthy Tétrault, to head new office; Bentham’s expansion is driven by widespread interest in litigation finance and favorable jurisprudence concerning funding
MONTREAL (August 13, 2018) – Bentham IMF, a world-leading commercial litigation finance company, opened an office in Montreal this week, hiring McCarthy Tétrault litigator, Pierre-Jérôme (PJ) Bouchard, as Investment Manager and Legal Counsel. PJ will oversee Bentham’s efforts to provide financing solutions for the Quebec business and legal community. He will also be assisting in evaluating opportunities across the country and internationally as needed.
