EAM Solar ASA enters into lit fin agreement with Therium
London-based Therium Litigation Funding has announced that it will partially finance EAM Solar’s fraud claim against Aveleos.
Big Pharma to benefit from tort reform
The federal legislation on tort reform currently making its way through Congress, otherwise known as HR 1215, contains language that would limit caps on noneconomic damages for medical malpractice claims, and that language also includes lawsuits against pharmaceutical companies….
Hong Kong approves litigation finance for arbitration
Last week, Hong Kong approved Arbitration and Mediation Legislation, permitting third party funding for arbitration and mediation proceedings….
Tort reform advocates applaud St. Louis Judge’s ruling
The American Tort Reform Association (ATRA) has applauded St. Louis Circuit Court Judge Rex Burlison, in his decision to declare a mistrial in a suit against Johnson & Johnson. The ruling comes in the wake of a Supreme Court decision which declares that state courts have no jurisdiction over cases involving out-of-state plaintiffs, defendants, or claims.
Florida Supreme Court rules that caps on medical malpractice violate state constitution
The Florida Supreme Court has backed a lower court’s ruling that caps on personal injury non-economic damages in medical malpractice cases violate the Equal Protection Clause of the state constitution.
Supreme Court issues ruling restricting ‘Court Shopping’
The U.S. Supreme Court issued a ruling this week that makes it tougher for plaintiffs to go ‘Court Shopping,’ a procedure whereby plaintiffs look to try cases in jurisdictions deemed favorable to their case….
Vannin Capital to fund class action suit against retailer Dick Smith in Supreme Court of New South Wales
Bannister Law has announced that it plans to file a class action lawsuit against Dick Smith, alleging that the retailer violated its disclosure obligations outlined in the Corporations Act of Australia.
Freedom Caucus pulls tort reform bill over ‘States’ Rights’ concerns
HR 1215 – a medical malpractice bill making its way through Congress – was pulled from a vote last week amidst concerns by several GOP lawmakers that the bill might encroach on states’ rights….
IMF Bentham looks to pull out of Spotless Group class action funding
The Australian-based third party funder has announced that subject to court approval, it plans to discontinue its financing of shareholders’ class action against Spotless Group Holdings.
Startup aims to cut legal costs with tech innovations
Entrepreneur Justin Kan has raised $10.5M in an initial funding round for Atrium LTS, a legal technology services company that Kan hopes will disrupt corporate litigation by cutting costs while leading to greater efficiency….
