The 2 types of tort reform
There are currently two varieties of tort reform being considered by Congress, each confronting the issue of so-called spurious lawsuits filed in the name of medical malpractice.
Singapore and Hong Kong welcome third party funding in bids to become centers of international arbitration
Both Singapore and Hong Kong were ranked in the top-5 seats in Asia for international arbitration in the 2015 Queen Mary International Arbitration Survey, and that partly has to do with both locales’ recent legislation permitting third party funding.
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.’…
Tennessee lawmakers try to hamstring tort reform into lawsuit against opioid drug makers
Whoever said politics is a dirty business, must have had Tennessee prosecutors in mind. A trio representing 9 state districts filed a lawsuit against opioid drug makers, and tucked at the very end of their 87-page missive is a challenge to the constitutionality of the state’s 2011 tort reform bill.
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….
Therium to fund RHA class action against UK truck manufacturers
The Road Haulage Association (RHA) has secured Therium Capital in its 3.9B pound damage claim against a European price-fixing cartel of truck manufacturers.
Burford appoints Timothy Dutton as Chair of its UK Investment Committee
Timothy Dutton, former Chair of the Association of Regulatory and Disciplinary Lawyers, has joined Burford Capital as a non-executive director and Chair of the company’s UK Investment Committee.
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….
Burford sells tranche of its claim in Argentina nationalization case
Burford Capital has sold a tranche of its participation in the Peterson Group lawsuit, a multi-billion dollar litigation against Argentina following the country’s nationalization of energy company YPF in 2012.
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….
