Iowa State Senator defends tort reform bill

State Senator Charles Schneider wrote an op-ed in the Des Moines Register, where he defended the states recent medical malpractice reform bill. Schneider cites a Medscape.com survey which found that Des Moines ranks as the 4th best city in the nation to practice medicine, yet despite that high ranking, the state of Iowa still struggles to find doctors.

ICC International Court of Arbitration expands presence in Brazil, thanks to growth of lit fin industry

The ICC International Court of Arbitration has opened a Sao Paolo office, in what observers are viewing as a bid to expand its Brazilian presence. According to CDR News, the move comes on the heels of a funding agreement between third-party financier Woodsford Litigation Funding, and Brazilian funder Leste Global Investments….

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Texas Senate passes hailstorm tort reform bill

A tort-reform bill that would discourage property owners from suing insurers over weather-related claims has passed the Texas Senate. HB 1774 – which seeks to reduce the penalties insurance companies face when they don’t pay enough in claims, decrease the likelihood of paying the plaintiff’s attorneys fees, and protect individual agents from being sued personally — still needs…

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Pravati Capital is funding whistleblower claim against Snapchat

In what may be the first U.S. case where a litigation funder’s investment is acknowledged publicly, Pravati Capital has announced that it is funding a federal whistleblower claim against Snap, Inc.

Burford outlines the benefits of portfolio finance

It is no secret that Burford is shifting its business model towards portfolio investment, viewing single-case financing as too expensive for its clients, and too risky for the firm itself….

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