Staggering data has emerged in the class action suit against Southern Response, showing that the liability of the New Zealand federal government could surpass $400MM. This estimate is based on the nearly 3,000 plaintiffs subjected to unlawful behavior by Southern Response—who had assumed responsibility for claims sold by private insurer AMI, which was liquidated in 2012.
This publication will be hosting a special digital conference on April 16th, discussing the topic of COVID-19 and the impact it has had on the litigation funding and broader legal services industry.
A new report from Wolverhampton University Professor Peter Walton shows a 50% increase in the UK insolvency litigation market over the last four years. Given the financial stress caused by COVID-19, we can only assume that the increase in insolvency litigation will continue apace.
The following piece was contributed by Joshua Libling, Portfolio Counsel at Validity Finance, LLC.
Litigation finance has always billed itself as a way of helping meritorious claims regardless of the economic strength of the litigant. The coronavirus pandemic is now exerting enormous and growing stress on law firms and clients. If ever there was a moment for litigation finance to live up to its own hype, this is it. We think it can.
NEW YORK, April 7, 2020 /PRNewswire/ — Ankura, a global business advisory and expert services firm, today announced its appointment of Robert Capper as Senior Managing Director. Based in London, Mr. Capper bolsters Ankura’s complex investigations capabilities for clients in Europe, the Middle East and Africa (EMEA), Asia and globally. A former member of the British Intelligence Services, Mr. Capper specializes in high-profile sovereign disputes and asset tracing, as well as fraud and white-collar crime investigations.
This article was contributed by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC).
In today’s “us vs. them” political environment, it is refreshing to see exceptions in the state of Utah. I saw one example of people working together in the political environment during Utah’s most recent legislative session.
The following piece was contributed by Louis Young, Managing Director of Augusta Ventures.
The Legal Services industry, like many others, is today racing to come to terms with the implications of coronavirus. A range of impacts have been felt to date, including cases being put on hold, staffing concerns and critically, cash flow issues. With clients under pressure, bills aren’t being paid and pipeline looks increasingly uncertain. Alongside this, law firms have high fixed costs, particularly staff, so income is urgently needed.
