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.
Days before the Federal Communications Commission is expected to vote to roll back the legal underpinning for its net neutrality rules, it announced plans Monday to partner with the Federal Trade Commission to share information and enforcement duties for service providers that don't honestly disclose their open internet practices.
A Mexican journalist who sought refuge in the U.S. nearly a decade ago after reporting critically on the Mexican military and allegedly having his life threatened was detained by U.S. Immigration and Customs Enforcement agents late last week after an immigration judge denied his asylum request and his appeal failed.
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.
A California federal jury on Friday found in favor of San Diego Comic Convention when it ruled that a rival event in Utah infringed its valid trademarks related to “comic-con,” setting the stage for the long-running Southern California pop culture event to seek a permanent injunction to prevent future usage.
A Democratic congressman has introduced legislation to block Thursday’s Federal Communications Commission vote to roll back net neutrality protections by invalidating what he calls flawed rulemaking efforts as the FCC presses forward with the controversial new rules.
Facebook asked a California federal judge Friday to grant it a quick win on jurisdictional grounds in a suit brought by users accusing the social media giant of unlawfully storing their facial scans without permission.
The Florida Supreme Court said Monday it will consider whether a judge should be disqualified from presiding over a case for being Facebook friends with opposing counsel, setting the stage for the court to refine the Sunshine State’s laws on judges' social media use.
An investment banking and advisory firm and its two managing members are on the hook for more than $7.2 million in damages after a Massachusetts federal judge found Friday that they had duped a lender into believing they could guarantee its loan to finance a now-abandoned Janis Joplin biopic and then lied about having themselves been tricked.
A man says he was blinded in one eye after part of a flying fairy doll disconnected and hit him, according to a suit filed Sunday in Pennsylvania federal court that accuses The Walt Disney Co., Wal-Mart Stores Inc. and toymaker JAKKS Pacific Inc. of negligently marketing a toy similar to ones that have been recalled.
Secura Insurance on Friday told a Kentucky federal court it does not have to provide concert venue operator Live Nation coverage for injuries claimed at a concert, saying its policy only covers the company that provided security for the concert.
The U.S. Supreme Court refused Monday to tackle a Tenth Circuit decision rejecting the state of Kansas’ challenge to a National Indian Gaming Commission advisory opinion that purportedly paved the way for the Quapaw Tribe of Oklahoma’s casino project.
Gawker Media LLC might live to fight again after a group of the bankrupt publisher’s former employees on Monday unveiled a plan to crowdfund $500,000 to buy their old domain name at a scheduled auction in New York bankruptcy court.
A deal between Disney and 21st Century Fox could come this week, Ascension Health and Providence St. Joseph Health are in talks to merge, and GGP has declined Brookfield Property Partners LP’s $14.8 billion buyout bid.
A former Norwegian Cruise Line CEO lost his $95 million defamation suit against his former employer and his successor when a Miami jury returned a verdict Monday rejecting his claims that the company and its CEO killed his chances in the industry with defamatory statements and cut him out of profit-sharing revenue.
An Illinois bankruptcy court on Friday gave final approval to nearly $148 million in fees to various law firms and consultancies as part of Caesars Entertainment Operating Co. Inc.'s Chapter 11 process, awarding the largest amount — approximately $77 million — to Kirkland & Ellis LLP for guiding the casino giant through its reorganization.
Indicted Trump lobbyist Rick Gates will continue to be represented by Manhattan white-collar attorney Walter Mack despite a potential conflict of interest involving a separate criminal case, Gates told a D.C. federal judge Monday.
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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.
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.
The Federal Communication Commission's upcoming vote on its net neutrality order will set the stage for a classic battle over regulatory philosophies, and appeal to the D.C. Circuit is a foregone conclusion. Add the possible re-examination of Chevron deference and the case has all the makings of a blockbuster that comes along only once a generation, says Andrew McBride of Perkins Coie 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.
While Rule 12 motions are tempting because success can bring clients early victory, counsel should think carefully and consider a number of practice pointers before deciding whether doing so is worth the time and expense, say Amelia Brankov and Azita Iskandar of Frankfurt Kurnit Klein & Selz PC.
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.
Federal Communications Commission Chairman Ajit Pai bills his recent net neutrality proposal as a “repeal” of the 2015 rules, but it really just imposes his own version of net neutrality through impenetrable and ultimately ineffectual disclosures that both harm providers and confuse users, says Doug Hass, general counsel at Lifeway Foods Inc.
When Cumulus Media filed for Chapter 11 protection last week, its market capitalization fell to under $3 million, but $3 million is still greater than zero. Was Cumulus solvent when it filed bankruptcy? The answer is almost surely no, and it is important that lawyers have a good understanding of the reasons why, says attorney J.B. Heaton.