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.
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.
We asked, and you answered. Here are the results of Law360’s inaugural survey on third-party legal funding.
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.
The Eleventh Circuit on Friday largely affirmed a decision tossing litigation alleging a conspiracy between Marathon, Florida, and city officials to try to discourage the sale of a liquor store and cocktail lounge, concluding that most of the allegations were rightfully dismissed, but one isn’t yet ripe for review.
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.
The former owner of defunct home builder Dunmore Homes Inc. has been hit with an order in a California federal court directing him to cough up millions of dollars that he allegedly has stashed overseas in order to satisfy a $16 million judgment Travelers won in a bond insurance suit.
The Federal Deposit Insurance Corp. on Friday urged a New York federal judge to let its cases against Citibank, U.S. Bank and Bank of New York Mellon on behalf of a failed Texas bank go ahead even though Citibank has refused to ratify the cases, saying it has fixed the legal issues that resulted in the suits’ dismissal without Citibank’s signature.
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.
The Supreme Court said Friday it would take up a property dispute between a couple and the Upper Skagit Indian Tribe in Washington, setting the stage for the high court to refine the law on whether a court’s authority over a piece of land can trump tribal sovereign immunity.
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.
Chinese developer Jubao Xie is reportedly looking to sell the world's tallest Holiday Inn which is located in New York, Marc Realty Capital is said to be close to paying $100 million for 488 condos in Chicago, and Lennar Homes has reportedly dropped more than $7.5 million on a Florida development site.
A joint venture of Hamilton Partners and a Balfour Pacific Capital Inc. private equity real estate fund has purchased a pair of office buildings outside Chicago for $78.3 million, according to an announcement on Monday from sell-side broker Holliday Fenoglio Fowler LP.
Former Jefferies Group trader Jesse Litvak seemed to face an uphill battle against his lone securities fraud conviction in the Second Circuit on Monday, with two out of three judges suggesting Litvak's lie about the price of a mortgage-backed bond supported the charge.
A Pennsylvania appeals court on Friday shot down efforts by a pair of landowners to revive claims that they were denied the full value of royalty payments they say they're owed under a contract allowing an EQT Corp. unit to drill for natural gas below their property.
The U.S. Supreme Court declined Monday to take up a developer's $10 million takings case against the Florida Department of Environmental Protection over a permit denial for a beachfront parcel.
Michigan residents looking to block $56.5 million in tax dollars from funding the NBA's Detroit Pistons' relocation to a new arena fired back at an "unethical" bid to sanction and compel a deposition that the residents claim has already been agreed upon.
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.
Last month, a New York district court ruled in Cohen v. G&M that a real estate developer's demolition of famous graffiti space 5Pointz violated an obscure federal statute. This ruling may represent an expanded conception of what visual art qualifies for protection under the Visual Artists Rights Act, says Roberta Jacobs-Meadway of Eckert Seamans Chrin & Mellott 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.
At least five circuit courts have taken a sensible approach to allowing an undersecured creditor’s claim for legal fees. But there is still no uniformity in the lower courts, as evident in a North Carolina federal court's recent decision in Summitbridge v. Faison, says Michael Cook of Schulte Roth & Zabel 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.
California's new housing bills are a step toward addressing the state's affordable housing crisis, but they are not without several deficiencies. There is a distinct lack of state funding for housing, and the bills do not provide for additional California Environmental Quality Act categorical exemptions for housing projects, say Andrew Faber and Michael Branson of Berliner Cohen LLP in the final part of this article.
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.
In late September, California Governor Jerry Brown signed into law 15 bills encompassing the California Legislature's package aimed at addressing the state's severe housing crisis. While these bills alone will not solve the housing crisis, experts and legislators agree that their enactment is a significant first step, say Andrew Faber and Michael Branson of Berliner Cohen 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.
It is a myth that landlord form leases are standard and not negotiable. Though corporate tenants may feel that they do not have the time or inclination to negotiate leases, they should be proactive in identifying and undoing the landlord traps found in form leases, says Mark Foster of Snell & Wilmer LLP.