Rebuke Of Bentham Deal May Chill Canada Class Suit Funding
Law360, New York (September 18, 2017, 8:23 PM EDT) -- A recent decision by a Toronto judge throwing cold water on a third-party funding deal from Bentham IMF for plaintiffs in a medical device case may severely hamper interest from commercial funders in backing future Canadian class actions, experts say.
In August, Ontario Superior Court Judge Paul M. Perell, one of just two jurists who oversee class actions in the country's foremost financial and business hub, called for significant changes to an "uncapped" deal between international litigation funder Bentham and a couple suing over allegedly faulty heart implants, finding that an open-ended termination provision would allow Bentham "to control whether and...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!