Green Legal Funding Files Suit Against NYC Personal Injury Attorney; Alleges Fraudulent Claims
Green Legal Funding has filed a suit in Manhattan Court against attorney Marina Trubitsky, alleging the personal injury attorney faked or exaggerated legal claims in order to obtain funding….
Supreme Court Upholds Arbitration Clause for Companies Seeking to Avoid Class Actions
The U.S. Supreme Court today ruled in a 5-4 decision that companies can legally compel workers to sign arbitration clauses in their employee contracts, making it all but impossible for them to bring class action lawsuits against in a variety of disputes.
Chambers and Partners Ranks Litigation Funders, and Leaves More Questions Than Answers
UK-based Chambers and Partners, which ranks corporate lawyers and litigators around the world, has just announced their first ranking of litigation funders. The rankings, however, only include 6 commercial funders, are separated into three ‘bands,’ and offer no explanation of methodology or process….
NY Senate Committee Holds Hearing on Consumer Legal Funding
Last week, the New York State Senate Standing Committee on Consumer Protection held a hearing on the Consumer Legal Funding industry. Speakers delivered arguments for and against the industry’s high interest rates, which opponents claim should be capped under state lending laws, and proponents argue should not be subject to those laws because the transactions…
Private Equity and Hedge Funds Are Betting Big on Litigation Finance
Wall Street’s dogged pursuit of new avenues for ROI has led it down some exotic trails, the latest being the leafy green path of Litigation Finance. Private equity and hedge funds are pouring big money into the space, by some estimates investing as much as $30 billion, up from $1 billion in 2011. That figure includes…
Founder of Just Kapital Tries to Oust Former Partner
Philip Kapp, the founder and former chairman of litigation funder Just Kapital, is seeking to oust the current chairman and co-founder Tim Storey, along with CEO Diane Jones non-executive director Anthony Murphy, and replace them with three “unspecified” people….
GC’s Discuss the Psychological Hurdle of Adopting Litigation Finance
Mark McAteer of Legal Business sat down with a host of UK-based GCs and private practice attorneys to discuss how they feel about litigation finance. An interesting sticking point revealed itself during the discussion: the psychological hurdle that many GCs have towards filing more claims – even meritorious, funded claims that may result in added…
AMP Could Set a Record for Most Class Actions in Australian Legal History
Embattled wealth management giant AMP is facing not one, not two, not three, not even four — but FIVE class action claims, in the wake of an alleged breach of its continuous disclosure obligations to investors prior to a massive stock price drop. If all five actions are allowed to commence, that would set a…
Stormy Daniels’ CrowdJustice Contributions Raises Ethical Concerns for Michael Avenatti
Stormy Daniels’ attorney, Michael Avenatti, has consistently pointed to CrowdJustice – the online platform for crowdfunding legal claims – as proof he is not being financed by individuals with a political axe to grind against President Trump. However, due to the nature of CrowdJustice’s system which allows for anonymous donations, no one knows exactly who is funding Stormy Daniels’ lawsuit against the President.
Burford Capital Co-Founder Jonathan Molot Promotes ‘Long-Termism’ for Law Firms
There are obvious benefits to an IPO – not least of which is the sudden capital infusion allowing for rapid growth and market share capture. In a recent op-ed, Buford CIO and co-founder Jonathan Molot espouses the hidden benefits of law firm IPOs; namely how they help law firms shift their business model approach to…
