Once a taboo topic in the halls of BigLaw, litigation finance is winning over converts. And the peer pressure is building for rival law firms to join the bandwagon.
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IN-DEPTH

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Feature

Has Litigation Finance Shed Its Stigma?

Once a taboo topic in the halls of BigLaw, litigation finance is winning over converts. And the peer pressure is building for rival law firms to join the bandwagon. Read more »

Feature

What Your Colleagues Think Of Litigation Finance

We asked, and you answered. Here are the results of Law360’s inaugural survey on third-party legal funding. Read more »

News Analysis

Why Investors Are Taking The Leap To 3rd-Party 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. Read more »

TOP NEWS

Futility Issue Frustrates Apple Investor Suit, Calif. Panel Says

A California appeals court ruled Monday that Apple Inc. investors who tried to update their suit against company board members over their role in a Silicon Valley recruiting scandal had to show that it would be futile to ask Apple's current board to take action, rather than the board in place when the suit was first filed. Read more »

Chancery Tosses NRG Reclassification Suit On MFW Grounds

A Delaware Chancery judge on Monday threw out a shareholder lawsuit challenging power generating giant NRG Energy Inc.'s stock reclassification of its yieldco, ruling that the standards under the MFW precedent that can protect controlling-party takeovers from stockholder claims were met, and can also extend to reclassification transactions. Read more »

Mizuho Picks Off Lead Plaintiff In Mt. Gox Collapse Suit

Japanese bank Mizuho Bank Ltd. on Monday won dismissal of claims brought by one of the named plaintiffs in a proposed class action over the collapse of bitcoin exchange Mt. Gox, with an Illinois federal judge agreeing that a recent U.S. Supreme Court ruling bars him from joining the suit. Read more »

MVP: Montgomery McCracken's Charles Casper

Montgomery McCracken Walker & Rhoads LLP’s Charles Casper has scored several major wins this year defending against class action suits for his clients, including a Supreme Court victory in Microsoft Corp. v. Baker, earning him a place as one of Law360’s 2017 Class Action MVPs. Read more »

SECURITIES

Puma Biotech Investor Class Certified In Stock Drop Case

A California federal judge on Friday granted class certification to Puma Biotechnologies Inc. investors in a stock drop suit accusing the company of misrepresenting the effectiveness of a breast cancer treatment called neratinib. Read more »

COMPETITION

Retailers Defend Solodyn MDL Claims Against Medicis

Walgreen Co., CVS Pharmacy Inc., Rite Aid Corp. and other retailers alleging Medicis Pharmaceutical Corp. paid generic-drug makers to stay out of the market for acne medication Solodyn urged a Massachusetts federal court Monday to reject Medicis' efforts to nix some of their claims. Read more »

EMPLOYMENT

Pa. Referees File Class Claims Over Contractor Status

Two Western Pennsylvania referees filed a federal class action suit Friday accusing the organization that oversees high school sports in the state of improperly categorizing them as independent contractors and shorting them on wages. Read more »

PRODUCT LIABILITY

Judge Bars Consolidated Claims In GM Ignition Switch MDL

A New York federal judge on Friday said that he will no longer allow the filing of consolidated complaints on behalf of multiple people bringing personal injury or wrongful death claims in the multidistrict litigation over General Motors LLC ignition switches that allegedly caused vehicles to abruptly lose power. Read more »

Law Firm Doesn't Owe For GSK Contempt Order, 3rd Circ. Told

The Mississippi law firm accused along with a fund administrator of erroneously distributing settlement money from multidistrict litigation against GlaxoSmithKline urged the Third Circuit on Monday to overturn a Pennsylvania district court’s order to indemnify the administrator, reasoning that the district court no longer had jurisdiction over GSK's already settled contempt allegations. Read more »

PRIVACY & CONSUMER PROTECTION

Facebook Seeks Quick Win, Users Seek Cert. In Privacy Row

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. Read more »

NFL Hall Can Talk To Ticket Holders In Canceled Game Suit

An Ohio federal judge refused Monday to restrict the Pro Football Hall of Fame's communications with disgruntled ticket holders suing over the last-minute cancellation of the 2016 NFL Hall of Fame Game, finding the museum's attempts to get the proposed class members to accept refunds were not misleading or malicious. Read more »

ENERGY & ENVIRONMENTAL

VW Says Owners Who Sold Cars Pre-Scandal Have No Claim

Volkswagen AG and Bosch on Friday asked a California federal court to ax claims by a proposed class of drivers who offloaded their diesel cars before the diesel emissions scandal broke in September 2015, saying they didn’t suffer a loss in retail value for their vehicles. Read more »

INSURANCE

Power Co. Not Owed Defense Of $35M Fraud Suit, Insurer Says

Zurich American Insurance Co. on Friday urged a Maine federal judge to hold that it doesn't have to defend electricity supplier Electricity Maine LLC in a proposed class action alleging the company overbilled customers by about $35 million, contending that the underlying complaint doesn't allege any potentially covered claims. Read more »

REAL ESTATE

Fla. Country Club GC Seeks Sanctions Over Resident's Suit

The general counsel for a Boca Raton, Florida, country club renewed his sanctions bid Friday against a club property owner for continuing to pursue "frivolous" claims after he again sought to bring a class action accusing the counsel of contributing to mismanagement that allegedly decimated property values and prompted increased fees. Read more »

BANKRUPTCY

21st Century To Pay $28M Over Gov't FCA Claims, Data Breach

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. Read more »

EXPERT ANALYSIS

Wells Fargo Derivative Suit A Cautionary Tale For Directors

A California federal judge recently greenlighted the bulk of a derivative suit over Wells Fargo’s sales practices, reminding directors that they must be especially sensitive when allegations of misconduct come to their attention, say attorneys with Paul Weiss Rifkind Wharton & Garrison LLP. Read more »

When Product Liability Claims Are Hidden From Bankruptcy

Judicial estoppel is often used to dismiss product liability actions when a plaintiff failed to disclose potential claims during a prior bankruptcy proceeding. While state laws may rule out judicial estoppel defenses in certain multidistrict litigation courts, asserting the defense even where it is unlikely to prevail preserves the issue for appellate review, say Chad Eggspuehler and Melissa Kelly of Tucker Ellis LLP. Read more »

6 Things You Need To Know About Millennial Jurors

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. Read more »

LEGAL INDUSTRY

Another Boutique Tops Cravath Scale For Associate Bonuses

Two more firms announced in recent days that many of their associates would receive year-end bonuses that either matched or exceeded the market scale established by Cravath Swaine & Moore LLP, which has remained the standard among many BigLaw firms. Read more »

LA Boutique Says Ex-Gibson Dunn Atty Owes $140K In Fees

A former Gibson Dunn & Crutcher LLP partner skipped out on $140,000 in legal fees owed to Los Angeles-based boutique Brown Neri Smith & Khan LLP for an elderly abuse case, according to a state court suit filed Friday that said the former partner had even praised the boutique’s work with some freshly baked bread. Read more »

Pierce Sergenian Shakeout Produces A Split-Off Boutique

Less than a year into its existence, Los Angeles litigation boutique Pierce Sergenian LLP has been renamed Pierce Burns LLP after two members split to form their own boutique as a result of a clash between the original name partners over their long-term visions, Law360 has learned. Read more »

Senate Sets Up Vote For 'Not Qualified' Trump Judge Pick

The Senate on Monday advanced the nomination of Husch Blackwell LLP senior counsel L. Steven Grasz to an Eighth Circuit vacancy, despite Democrats' protests citing his "not qualified" rating from the American Bar Association. Read more »

Fla. Justices To Hear Row Over Judge's Facebook Friends

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. Read more »

Prosecutor Nominees Need To Be More Diverse, ABA Warns

The American Bar Association has urged the U.S. Department of Justice to place an emphasis on diversity when seeking recommendations for nominees to serve as U.S. attorneys, warning that a lack of diversity in the legal profession could erode public confidence in the justice system. Read more »

Analysis

15 Minutes With Pindrop's General Counsel

Clarissa Cerda, GC of voice technology security company Pindrop, shared with Law360 what she's most excited for in 2018 and her thoughts on alternative billing arrangements. Read more »

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