Trending Now
  • An LFJ Conversation with Guy Nielson and Stuart Hills of RiverFleet
Premium

Content only for Premium Subscribers

Premium

2271 Articles

Litigation Funder Arrested in Slip-and-Fall Fraud Scheme

By John Freund |

A fifth member of a slip-and-fall fraud ring was arrested and charged in a Manhattan Federal Court. The scheme, which amounts to more than $30 million, appears to have begun in 2013. Adrian Alexander, age 75, has been charged with mail fraud, wire fraud, and conspiracy to commit mail and wire fraud for his alleged attempts to gain fraudulent insurance reimbursements. The case will be heard by US District Judge Sidney H Stein.

Please log in to view membership only content
Log In Register

Litigation Funding in Global Jurisdictions

By John Freund |

As Litigation Finance makes its way around the world, some jurisdictions struggle with the finer points. Typically businesses in places like Singapore and Hong Kong have a corporate structure that encompasses entities incorporated in their own jurisdiction, as well as offshore locales like BVI, Cayman Islands, or Bermuda.

Please log in to view membership only content
Log In Register

Did Girardi Keese’s Creditors Know About the Fraud?

By John Freund |

Legal troubles for Tom Girardi and his wife, reality star Erika Jayne of The Real Housewives of Beverly Hills, are still mounting. Now there’s word that a bankruptcy trustee will be hiring a firm to investigate an allegation that attorney Tom Girardi’s lenders were aware of fraudulent cash transfers in the millions.

Please log in to view membership only content
Log In Register

Pre-Settlement Funding Conditions

By John Freund |

It’s not unusual for plaintiffs to need extra money before their case is adjudicated. An accident victim, for example, can’t wait years to pay medical bills or replace their car. Pre-settlement funding can help those who find themselves needing an influx of cash as they await the outcome of their lawsuit.

Please log in to view membership only content
Log In Register

Multiple Class Action Lawyers Face Allegations of Fraud

By John Freund |

Two barristers and two solicitors are under fire for allegedly misappropriating at least $19 million in fees relating to the Banksia class action. Barristers Norman O’Bryan and Michael Symons will be permanently banned from practicing law. Solicitors Anthony Zita and Alex Elliot will be required to show cause for why they too should not be banned from the practice of law.

Please log in to view membership only content
Log In Register

Mercedes Faces Lawsuit Over Alleged Emissions Falsification

By John Freund |

Three men from Chorley and one from Leyland are suing auto giant Mercedes over its role in “dieselgate.” Dieselgate impacted multiple car manufacturers, accusing them of using defeat devices to illegally skirt emission standards. National consumer rights firm Slater and Gordon are bringing the claim.

Please log in to view membership only content
Log In Register

Legal Funding in Jersey Matures Since Valetta Decision

By John Freund |

Over the last decade, third-party litigation funding has been increasingly popular as a means of increasing access to justice. At its core, TPF is a way to put investor money toward meritorious legal cases (often, but not always, class actions) in exchange for a share of the award or settlement it generates. As the cost of litigation increases, the need for legal funding grows.

Please log in to view membership only content
Log In Register

Mining Industry Insights

By John Freund |

Mining companies are especially susceptible to disputes arising from the impact of COVID. Tax issues, regulatory changes, politics, and supply chain failures can all lead to large-scale disputes. In fact, mining disputes made up the majority of investor-state arbitration cases last year.

Please log in to view membership only content
Log In Register

Judge Shira Scheindlin Speaks About Litigation Finance

By John Freund |

On the topic of third-party legal funding, trial judges past and present have much to say. Hearing them out can tell us a lot about how the industry is perceived by the courts and how that may impact its future. A recent interview with Judge Shira Scheindlin includes three questions that shed light on how courts view the practice of litigation funding.

Please log in to view membership only content
Log In Register

Class Action Against British Telecommunications Gains Court Approval

By John Freund |

The Competition Appeals Tribunal has granted permission for a class action against British Telecommunications to move forward. The action could be worth as much as GBP 600 million, and asserts rampant overcharging of landline customers. The action is being funded by third-party funder Harbour Litigation Funding.

Please log in to view membership only content
Log In Register

Litigation Funding Experiences Maturity and Growth

By John Freund |

As more investors discover the benefits of Litigation Finance, funders have had to become more proactive about funding cases. Collective action cases are particularly attractive to funders due to large class sizes and the potential for high payouts. As the industry becomes larger and more influential, innovations abound.

Please log in to view membership only content
Log In Register

Plan to Sue Mercedes Over Role in Dieselgate Moves Forward

By John Freund |

Three Warrington men are bringing a claim against German carmaker Mercedes, relating to its role in the recent dieselgate scandal. Working with lawyers from consumer rights firm Slater and Gordon, the trio expects the case to become a collective action. Slater and Gordon is also a joint lead attorney in the dieselgate action against Volkswagen.

Please log in to view membership only content
Log In Register

Litigation Finance in China’s Belt and Road Initiative

By John Freund |

Even among other large-scale infrastructure projects around the world, China’s Belt and Road Initiative (BRI) is impressive. Its plan is to expand and fortify the Silk Road in an international effort that involves stakeholders from around the globe. In any venture of this size, legal disputes cannot be avoided.

Please log in to view membership only content
Log In Register

Cash4Cases Founder Pleads Guilty in Securities Fraud Case

By John Freund |

Jaeson Birnbaum has pled guilty to securities fraud related to activities surrounding the Litigation Finance firm he founded: Cash4Cases. According to Audrey Strauss, US District Attorney for the Southern District of New York, Birnbaum affirmed the assertions that he used investor funds for personal expenses.

Please log in to view membership only content
Log In Register