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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.