We asked, and you answered. Here are the results of Law360’s inaugural survey on third-party legal funding.
They often don’t know exactly what they’re buying, and there’s an ever-present chance they could come up empty in a given case. Here’s why investors are flocking to litigation finance anyway.
Once a taboo topic in the halls of BigLaw, litigation finance is now winning over converts — and pressing their rivals to join the bandwagon.
Two city of Boston officials will stand trial on extortion charges in the spring instead of directly after the holidays, because prosecutors altered their case and a recent appellate ruling raised additional discovery questions, a Massachusetts federal judge said Monday.
The House of Representatives passed a bill Monday meant to centralize authority and responsibility for cybersecurity at the U.S. Department of Homeland Security, with backers claiming the legislation would allow for clear decision-making at the agency.
Orbital ATK has been awarded a $34 million contract from the U.S. Air Force’s Space and Missile Systems Center to build a platform that can carry technology or small satellites into space, the company announced Monday.
Telecommunications software company Netcracker has reached a nonprosecution deal with the U.S. Department of Justice, agreeing to implement enhanced security measures to resolve a criminal investigation alleging that its contracted work had resulted in security “degradation” at the Defense Information Systems Agency, the DOJ announced on Monday.
UnitedHealth Group Inc. on Friday urged a California federal court to scrap a False Claims Act suit claiming the insurer overcharged Medicare by submitting information that made patients seem sicker than they were, arguing the federal government knew about submission errors but didn’t consider them important.
21st Century Oncology on Monday got a New York bankruptcy court’s approval for two settlements totaling $28 million over U.S. government claims of Medicare overcharges and patient privacy breaches.
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The elite slate of attorneys chosen as Law360’s 2017 MVPs have distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.
21st Century Oncology LLC has agreed to pay $26 million to settle allegations that it violated the False Claims Act and Stark Law by paying off physicians who referred patients, according to an agreement recently filed in New York bankruptcy court.
A former leader of the Massachusetts Senate denied any wrongdoing on Friday after prosecutors unsealed a 113-count federal indictment charging him with peddling public policy and using his private firm and a shell company to take in about $1 million in bribes, kickbacks and free coffee.
An Albany County Supreme Court justice slapped a New York transportation company’s owner with two to six years in prison for submitting over $50,000 worth of false Medicaid claims for transportation that never occurred, according to an announcement Friday from the state attorney general’s office.
The federal government on Friday shot back at a U.S. Department of Energy contractor's bid to toss False Claims Act allegations in litigation accusing it of falsifying small, disadvantaged businesses' participation in a multibillion-dollar nuclear waste cleanup contract.
A former U.S. Air Force employee pled guilty Thursday in Illinois federal court to allegations he accepted meals and baseball tickets and passed on confidential project pricing information to companies bidding on contracts at his base, information the U.S. Department of Justice said was used to secure work.
Counsel for a politically connected Florida ophthalmologist convicted of overbilling Medicare by $32 million urged a district court to toss the government's loss calculations Thursday as the sides made final arguments before sentencing, suggesting prosecutors have met the burden of proof for only $64,000 in false claims.
An electrical contractor sued a slew of construction and insurance companies in Maryland federal court Wednesday, demanding $21 million for the contractor's extra work on a biological warfare research facility and alleging the project was mismanaged and inefficient even before a fire destroyed half the building.
U.S. Air Force contractor Space Coast Launch Services LLC reached an undisclosed settlement in Florida federal court Thursday with space launch operations support subcontractor Yang Enterprises Inc. in the subcontractor's breach of contract suit accusing Space Coast of underpaying it $9 million, according to settlement conference minutes.
Congress on Thursday passed a measure to fund the government through Dec. 22, potentially avoiding a federal government shutdown over the weekend.
Federal courts across the country are handing down important rulings interpreting the U.S. Supreme Court’s landmark decision on False Claims Act liability in Universal Health Services v. Escobar. As the rulings keep pouring in, stay up to speed on Law360’s latest coverage and analysis of Escobar’s impact.
Millennials are now the largest living generation and comprise one-third of jurors. While it is impossible to generalize a group so large and diverse, trial lawyers should be mindful of certain generational differences, say baby boomer Lee Hollis and millennial Zachary Martin of Lightfoot Franklin & White LLC.
There have been many articles on the corporate monitor selection process, but you will find little guidance on how to prepare yourself for a job that has few parallels. There are three key lessons I have learned over the course of a Foreign Corrupt Practices Act monitorship still in progress, says Gil Soffer of Katten Muchin Rosenman LLP.
Much has been written about the 2012 "Resource Guide to the U.S. Foreign Corrupt Practices Act," but no one has talked about the behind-the-scenes work that produced the guide — until now, say Charles Duross, former chief of the FCPA Unit at the U.S. Department of Justice, and Kara Novaco Brockmeyer, former chief of the FCPA Unit at the U.S. Securities and Exchange Commission.
If a business has agreements with the government or with anyone who does business with the government, or is affiliated with anyone who does business with the government, it may be subject to government contractor employment rules. Violating these rules, even unknowingly, can be costly, says Jayna Rust of Thompson Coburn LLP.
With a new set of cybersecurity compliance requirements for defense contractors and subcontractors becoming effective at the end of this month, now is the time to review and update cybersecurity programs and incident response plans, say Theodore Augustinos and Berne Kluber of Locke Lord LLP.
The twist in the Lindsey Manufacturing Foreign Corrupt Practices Act case was the truncated time in which we prepared. Having refused to waive their rights to a speedy trial, our clients took control of the case — this, along with the compressed time frame, forced the government to make errors, say Janet Levine, Sima Namiri-Kalantari and Megan Weisgerber of Crowell & Moring LLP.
Contractors need to prepare for the 2018 version of the National Defense Authorization Act, which includes significant changes to the U.S. Department of Defense approach to acquiring and licensing intellectual property, says Mary Beth Bosco of Holland & Knight LLP.
The Centers for Medicare & Medicaid Services has committed significant resources toward encouraging health care providers to use electronic health records systems. Unsurprisingly, the increased adoption of EHR systems and the government’s subsidization thereof has attracted attention from relators filing qui tam suits under the False Claims Act, say Jaime Jones and Brenna Jenny of Sidley Austin LLP.
Since its whopping $800 million Foreign Corrupt Practices Act settlement in 2008, Siemens cleaned up — and it has “cleaned up” in its long-standing competition with General Electric. How? As Secretary of State Rex Tillerson reportedly told President Donald Trump, you don’t need to pay bribes to succeed in international business, says Peter Y. Solmssen, former general counsel of Siemens.
The 2008 Siemens matter — then the largest sanction ever imposed in a Foreign Corrupt Practices Act enforcement action — set the stage for future cross-collaboration in global anti-corruption enforcement, say Cheryl Scarboro, former chief of the FCPA Unit at the U.S. Securities and Exchange Commission, and Diana Wielocha of Simpson Thacher & Bartlett LLP.