Blog Archives
Guilty Plea in New York Slip and Fall Fraud
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Date: Mar 29 2024
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New York attorney Marc Elefant has reversed his previous non-guilty plea, now pleading guilty to one count of conspiracy to commit wire fraud in the organization of a lucrative slip and fall scheme. Elefant is accused of coordinating the trip and fall scam with fellow attorney, George Constantine, and physicians Andrew Dowd and Sandy Riberio,…
Omni Bridgeway Explores Ukraine ‘War-Time’ Compensation Fund
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Date: Mar 29 2024
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Many have predicted Russia’s inevitable economic fallout stemming from its war in Ukraine. Omni Bridgeway has announced the formulation of a task force dedicated to monitoring the war in Ukraine with a mandate to explore various ways of retrieving compensation from damages and other losses caused by Russia’s invasion. …
Coinbase Funds Lawsuit Challenging United States Treasury Department on Crypto Privacy and Innovation
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Date: Mar 29 2024
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Brian Armstrong (CEO and Co-Founder of Coinbase) recently announced litigation funding of a new lawsuit that questions the integrity of the United States Treasury’s sanctions of Tornado Cash privacy software. Coinbase’s litigation investment aims to vindicate six individuals who were added to the United States’ sanctions list as part of banning Tornado Cash. …
Diversifying Capital Pools
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Date: Mar 29 2024
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As funders look to embrace best practices in risk mitigation strategies, diversification of capital pools is a critical component for litigation finance portfolio building. According to new research, structured dispute finance can improve funding access. …
$2.1MM in Costs Awarded to James Hardie on Harditex Fibre Cement Cladding Boards Case
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Date: Mar 29 2024
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The High Court in Wellington, New Zealand, has ruled that 153 home owners failed to prove that James Hardie construction materials were the cause of leaks and rot in their homes. The Court awarded James Hardie $2.1MM in court costs to defend the case, out of the $2.3MM the company requested. …
Omni Bridgeway Banks a Profit
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Date: Mar 29 2024
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Sydney-based litigation financier, Omni Bridgeway, announced a $4.5MM profit for the 12 months ending in June. The news is a turnaround from the -$12.7MM loss a year prior. Andrew Saker (CEO at Omni Bridgeway) says Omni maintains resources of over $1B for potential litigation investments. …
Bloomberg on California’s Approach to Law Firm Ownership
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Date: Mar 29 2024
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In the wake of the American Bar Association approving measures to loosen restrictions on sharing Law firm revenues with non-attorneys, Bloomberg law reports that legislators in California are resisting the notion. Many legal scholars around the country say that sharing law firm ownership with non-lawyers is inconsistent with core values of the legal profession. …
The Dawn of Summer Associates at Omni Bridgeway
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Date: Mar 29 2024
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Offices in Houston, New York and San Francisco at Omni Bridgeway will host an exciting new 10 week summer associate program. Jordan Metoyer (Graduate of Georgetown Law Center) and Chanel Ricks (Rising 2L at Howard University School of Law) were selected to participate in the inaugural rotation of Omni’s prestigious program. …
Audio: Which? vs. Qualcomm is Shaping ATE Insurance Innovation
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Date: Mar 29 2024
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Simon Latham (Head of Competition at Augusta Ventures) was profiled by the Law Society discussing insurance-related concerns regarding Which? vs. Qualcomm. Specifically, Qualcomm’s approach of asking for a judge to approve a Which? ATE insurance scheme. …