Category Archives: Special Features
New York State Senate to Hold Hearing on Consumer Legal Funding Industry
The following article was contributed by Eric Schuller, President of ARC – the Alliance for Responsible Consumer Legal Funding.
On May 16th, 2018 the New York Senate Standing Committee on Consumer Protection will take up the issue of Consumer Legal Funding or Lawsuit Lending as it is posted in the Committee Calendar. This is an important issue for the consumers of New York in that it could aid in determining how the State of New York will regulate the Consumer Legal Funding industry in the future.
At issue here is the best possible approach.
Third Party Litigation Funding in Civil Law Jurisdictions
The following is a guest post by Wieger Wielinga, Hannah Van Roessel, Kees Visser, and Gian Marco Solas of Omni Bridgeway.
Over the past several years, Third Party Litigation Funding (“TPLF”) has steadily increased in civil law jurisdictions, including continental Europe. In this context, the rise of TPLF can be traced to recent EU legislation over the private enforcement of competition law, as well as on collective redress. Consequently, law firms and corporations are increasingly seeking funding for any type of national or international dispute they are involved with.
Slater and Gordon and IMF Bentham Limited Announce Shareholder Class Action Against Brambles After Pallet Costs Don’t Stack Up
Leading class action law firm Slater and Gordon and global litigation funder IMF Bentham Limited have today announced a proposed class action against Brambles (ASX: BXB), after the Australian pallet company ‘cannibalised’ its FY17 growth and allegedly misled investors about its future profits.
Brambles Ltd is an ASX 20 company that operates the CHEP and IFCO logistics brands with a supply chain of reusable pallets, crates and containers across more than 60 countries.
Let Us Have a Free Market (Except When it Comes to Consumer Legal Funding!)
The following is a guest post by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC). The original post can be found here.
President Andrew Jackson once said “The duty of government is to leave commerce to its own capital and credit as well as all other branches of business, protecting all in their legal pursuits, granting exclusive privileges to none.”
We agree.
What is amazing is that opponents of Consumer Legal Funding are trying to impose rate restrictions on the product for the sole purpose of limiting access for consumers and thereby constraining the Free Market.
Why is the NY Post Going After LawCash?
ATTENTION: A private company has been making campaign contributions to elected officials!!!
As you may have read in the NY Post yesterday, LawCash has been making campaign contributions to State Attorney General Eric Schneiderman since 2011. Legal News Line picked up that story and included a list of other prominent lawmakers across the country whom LawCash President Harvey Hirschfeld donated money to, including New York Gov. Andrew Cuomo and former New Jersey Gov. Chris Christie.
And the collective response to this sensational blockbuster of a story… ummm, so?
Litigation finance primer: Part 9
Editor’s Note: This article is the next in a series that forms a litigation finance primer for parties new to the space. For the first article in the series, click here.
Litigation Finance Primer: Part 5
Editor’s Note: This article is the fifth in a series that forms a litigation finance primer for parties new to the space. For the first article in the series, click here.
As previously established the core concept of litigation finance is far from a new one. People have been betting on the outcome of lawsuits one way or another for centuries. These bets often take the form of buying or selling stock based off the underlying company being involved in litigation.
Our Litigation Finance Primer Continues Below the Fold.
