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Member Spotlight: Marc Grossman

By John Freund |

Marc D. Grossman is a highly accomplished attorney and businessman with an impressive track record of success. Over the course of his career, he has consistently demonstrated his exceptional legal skills and business acumen, earning him billions of dollars across various ventures. With decades of experience under his belt, Mr. Grossman stands out as a true leader in his field.

His legal career began after graduating from the University of Michigan in 1989. He then went on to further his education by completing the prestigious JD/MBA program at both Brooklyn Law School and Baruch Business School. During this time, he also interned at the Law Department of the United Nations, gaining valuable experience in international law.

Since then, Mr. Grossman has made a name for himself as a Partner and Founding Partner at multiple law firms including Sanders Phillips Grossman LLC, Sanders Aronova Grossman Woycik Viener & Kalant PLLC, Sanders Grossman Aronova PLLC, Aronova & Associates PLLC, and Milberg Coleman Bryson Phillips Grossman PLLC. Throughout his career, he has been involved in high-profile product liability cases and has represented large groups of plaintiffs against major corporate defendants.

His expertise extends beyond the legal world as he also serves as a member of the Board of Directors for Shay Capital and Esquire Bank. Additionally, he is a Broadway producer and proud owner of a professional basketball team. With such diverse interests and achievements, it’s clear that Mr. Grossman is not only a talented attorney but also a well-rounded individual.

In summary, Marc D. Grossman is an accomplished attorney and businessman who continues to make an impact in various industries through his hard work, dedication, and impressive skillset. His passion for justice and pursuit of excellence have solidified his reputation as one of the most successful professionals in his field.

Company Name and Description:    Milberg Coleman Bryson Phillips Grossman, LLC

Company Website: milberg.com

Year Founded:  1965

Headquarters:  1311 Ponce de Leon Avenue, San Juan, Puerto Rico 00907

Area of Focus:  Mass Torts Litigation, Commercial Litigation, Defective Products, Environmental & Toxic Torts Litigation

Member Quote: “Victims’ rights are human rights. We must never forget that behind every corporate injustice, there are real people who have been hurt and deserve access to justice.”

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John Freund

John Freund

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Commercial Deals

iLA Law Firm Expands Services to Include Litigation Funding Agreements

By Harry Moran |

As the relationship between litigation funders and law firms continues to grow intertwined, we are not only seeing funders getting more involved in the ownership of law firms, but also specialist law firms looking to provide their own niche litigation funding services.

An article in Legal Futures covers the expansion of iLA into the business of litigation funding agreements, with the Poole-based law firm providing this new service offering to a range of clients from individuals to SMEs. iLA’s co-founder and chief finance officer, Luke Baldwin, explained that one aspect of the law firm’s litigation funding service includes work on matrimonial cases, providing funding of between £25,000 to £75,000 to individual clients. Other examples include funding for disputes brought by SMEs over ‘undisclosed commissions on energy contracts’, or individuals with claims relating to car finance agreements.

iLA was founded in March 2022 by Mr Baldwin and Anastasia Ttofis, with both co-founders having previously worked together on their Bournemouth-based brokerage business, Niche Specialist Finance. Since its launch, iLA has grown from servicing 13 clients in its first month to providing independent legal advice to between 600 and 700 clients. iLA’s growth has been bolstered by a series of partnerships with other solicitors, brokers and lenders, including a partnership with the specialist mortgage lender, Keystone Property Finance.

Announcements Commercial People Moves

ALFA Welcomes Mackay Chapman as Newest Associate Member

By Harry Moran |

In a post on LinkedIn, The Association of Litigation Funders of Australia (ALFA) announced that it is welcoming Mackay Chapman as its newest Associate Member. Mackay Chapman becomes the 12th Associate Member of ALFA, following the inclusion of Litica in April of this year.

Mackay Chapman is a boutique legal and advisory firm, specialising in high-stakes regulatory, financial services and insolvency disputes. The Melbourne-based law firm was founded in 2016 by Dan Mackay and Michael Chapman, who bring 25 years of experience in complex disputes to the business.More information about Mackay Chapman can be found on its website.

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Case Developments Commercial

Deminor Announces Settlement in Danish OW Bunker Case

By Harry Moran |

An announcement from Deminor Litigation Funding revealed that a settlement has been reached in the OW Bunker action in Demark, which Deminor funded litigation brought by a group of 20 institutional investors against the investment banks Carnegie and Morgan Stanley.

This is part of a wider group of actions originating from OW Bunker’s 2014 bankruptcy, which led to significant financial losses for both company creditors and shareholders who had invested in the company. These other cases were brought against several defendants, including OW Bunker and its former management and Board of Directors, Altor Fund II, and the aforementioned investment banks.

The settlement provides compensation for plaintiffs across the four legal actions, with a total value of approximately 645 million DKK, including legal costs. The settlement agreement requires the parties to ‘waive any further claims against each other relating to OW Bunker’. Deminor’s announcement makes clear that ‘none of the defendants have acknowledged any legal responsibility in the group of linked cases in connection with the settlement.’

Charles Demoulin, Chief Investment Officer of Deminor, said that “the settlement makes it possible for our clients to benefit from a reasonable compensation for their losses”, and that they were advising the client “to accept this solution which represents a better alternative to continuing the litigation with the resulting uncertainties.” Joeri Klein, General Counsel Netherlands and Co-head Investment Recovery of Deminor, said that the settlement had demonstrated that “in Denmark it has now proven to be possible to find a balanced solution to redress investor related claims.”