Category Archives: Premium
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….
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….
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….
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….
Recent rulings foreshadow mainstream acceptance of litigation finance
It seems that the lit fin industry is tiptoeing its way into the mainstream. Recent rulings n New York and Delaware seem to point to the courts’ acceptance of third party funding as a means to ‘even the litigation playing field.’…
Is litigation insurance the next litigation finance?
UK-based lit fin broker, TheJudge Group Holdings, Ltd, announced today that it is launching in the U.S. with plans to grow domestic awareness of litigation insurance, a concept not yet popularized on this side of the pond….
House could vote on tort reform bill this week
HR 1215, otherwise known as The Protecting Access to Care Act, is set to be voted on by the House of Representatives later this week. The vote could nullify current medial malpractice laws in states across the country….
Longford Capital hires Marc Carmel to source bankruptcy deals
Chicago-based Longford Capital is making a strategic move toards the highly coveted bankruptcy sector with the recent hiring of Marc Carmel, formerly an attorney at Paul Hastings….
What are the implications of mandatory disclosure for third party funders?
In August of 2016, Judge Illston of the U.S. District Court for the Northern District of California issued a ruling that has since had profound implications for the litigation finance industry. Judge Illston granted the defendant’s (“Chevron”) motion to compel the plaintiff to reveal the identity of the third party funder in its class action suit…
