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Community Spotlight:  Maz Ghorban, President, Rockpoint Legal Funding

By John Freund |

As President of Rockpoint Legal Funding, Maz Ghorban brings over 25 years of leadership experience spanning the legal services, call center, and software industries. With a proven track record of scaling private and public companies, Maz drives Rockpoint’s mission to empower plaintiffs by providing critical funding, accessible medical treatment, and operational efficiencies for law firms.

Based in Los Angeles, Maz oversees Rockpoint’s innovative offerings, which include pre-settlement and post-settlement funding, plaintiff and litigation funding, and medical lien purchases. He is also leading the launch of Rockpoint Probate Funding, a groundbreaking initiative aimed at providing financial relief to beneficiaries and executors navigating the complex probate process. This service enables heirs to access funds for urgent expenses such as medical bills, funeral costs, and daily living needs, bridging the gap during inheritance delays.

Before joining Rockpoint, Maz served as Executive Vice President and Business Unit CEO at Alert Communications, where he enhanced operational efficiencies for law firms nationwide by leading the largest legal-only intake call center in the United States. Prior to that, he was Vice President of Global Services at AbacusNext (now Caret), a premier provider of practice management solutions for law and accounting firms. His leadership roles also include serving as Vice President of Corporate Strategy and M&A at OnSolve, a leader in emergency mass notification solutions.

Earlier in his career, Maz held senior management roles at West Corporation and Raindance, where he focused on post-sale operations and corporate strategy. As Senior Vice President of Corporate Strategy at MIR3, he spearheaded mergers and acquisitions, including the successful sale of the company to Veritas Capital. With a comprehensive understanding of the legal services lifecycle, Maz has dedicated two decades to supporting plaintiff and defense firms with case acquisition, case management, IT/technology solutions, and firm operations.

A recognized thought leader in the legal and financial services industries, Maz frequently shares his expertise on topics such as litigation funding, corporate strategy, and operational excellence. Outside of his professional endeavors, Maz is a passionate Pittsburgh Steelers fan who enjoys teaching boxing, playing musical instruments, and spending quality time with his family.

Under Maz’s leadership, Rockpoint Legal Funding continues to set industry benchmarks for innovation, excellence, and client satisfaction. His strategic vision and unwavering commitment position the company as a trusted partner for plaintiffs, law firms, and beneficiaries seeking comprehensive financial solutions in the legal sector.

Company Name and Description:  Rockpoint Legal Funding provides tailored financial solutions for plaintiffs and law firms, offering critical funding to individuals involved in litigation, including personal injury and employment cases. By bridging financial gaps during the legal process, Rockpoint empowers plaintiffs to access necessary medical care and living expenses while helping law firms streamline operations and maximize case outcomes.

Company Website: https://rockpointlegalfunding.com/

Year Founded: 2015

Headquarters:  Serving clients across the United States, with a strong presence and specialized focus in California.

Area of Focus: When individuals face financial challenges during the litigation process, Rockpoint Legal Funding provides essential solutions to bridge the gap. By offering pre-settlement and post-settlement funding, as well as medical lien purchasing, Rockpoint enables plaintiffs to access necessary medical care and cover living expenses without the financial strain.

Law firms also benefit from Rockpoint’s tailored funding solutions, which streamline operations and improve case outcomes. With a commitment to empowering plaintiffs and supporting legal professionals, Rockpoint Legal Funding plays a vital role in facilitating access to justice while driving efficiency and innovation in the legal funding industry.

Rockpoint continues to expand its impact through initiatives like Rockpoint Probate Funding, addressing financial needs during the complex probate process. For more information, visit Rockpoint Legal Funding.

Member Quote: “Don’t count the days, make the days count.” – Muhammad Ali

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John Freund

John Freund

Commercial

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Commercial Regulatory Issues

Arizona Senate Committee Approves Litigation Funding Disclosure Bill

By Harry Moran and 4 others |

The fight over the future of regulation for third-party litigation funding continues to see a plethora of activity at the state level in the U.S., as last week a bill in the Arizona legislature moved one step closer to becoming law and imposing new restrictions on legal funding.

Reporting by Chamber Business News covers the move by the Arizona Senate’s Regulatory Affairs & Government Efficiency Committee to approve a bill governing transparency in litigation funding in the state. Senate Bill 1215 passed the committee with a majority vote, with four members voting for its advancement, two votes against and one ‘not voting’. 

The bill, which was sponsored by Senator Vince Leach, shares similarities with similar legislation put forward in other states by introducing new rules governing the disclosure of third-party funding in civil claims. The bill requires the disclosure of litigation funding agreements to all parties in the action, prohibits the funder from receiving a larger share of the proceeds than the claimants, and restricts the influence a funder may have on litigation decisions including choosing counsel, expert witnesses or the direction of litigation strategy.

The bill is supported by the Arizona Chamber of Commerce & Industry, the Arizona Manufacturers Council, the Arizona Lodging & Tourism Association, and the Arizona Trucking Association. Organisations opposing the bill include the Arizona Trial Lawyers Association and the International Legal Finance Association.

The full text of SB 1215, as well as information on the passage of the bill, can be found on the LegiScan website.

Case Developments Commercial

Legal Professionals Offer Differing Views on the CAT’s Approval of £200m Mastercard Settlement

By Harry Moran and 4 others |

As LFJ reported earlier this week, the news that the Competition Appeal Tribunal (CAT) had approved the £200 million settlement for the Mastercard class action provided a landmark ruling that will no doubt be seen as an important moment for legal funding in 2025.

An article in The Global Legal Post reflects on the impact of the CAT ruling, garnering views from senior professionals across the legal industry as to the merits of the tribunal’s decision and the impact it may have on similar cases moving forward.

Leslie Perrin, chair of Calunius Capital and former chairman of the Association of Litigation Funders, provided the funder’s perspective and said that “there has to be hope that Merricks’ settlement with Mastercard is not a blueprint for other cases”. Perrin also expressed concern that the CAT’s decision “will no doubt encourage other defendants”, and lamented that “the funder’s intervention to challenge the settlement has been unjustly criticised”.

Charles Balmain, partner at White & Case, noted that the speed with which the CAT approved the settlement “suggests that the tribunal had no hesitation in concluding that the settlement struck was just and reasonable.” Furthermore, Balmain highlighted that this decision serves as a useful reminder as to the gulf between the “eye-watering” value of claims put forward when they are first brought and the “the true value” that is returned at the end of these prolonged proceedings.

Louise Trayhurn, co-founder of Crescient, a corporate advisory boutique that specialises in litigation risk, also highlighted the extended duration of such cases and argued that it is “a shame for the parties and courts (but not the lawyers) that it cost almost £90m to get that result”. Trayhurn also placed this case in the wider context of the legal funding market that supports these claims, explaining that “funders are vital in bringing these cases and holding corporate behaviour to account, but they have limited ability to affect settlement”.

Case Developments Commercial

Woodsford Funding Australian Class Action Targeting Tesla

By Harry Moran and 4 others |

Although Elon Musk’s name has become most prominent in stories about U.S. politics over recent months, in Australia, it Tesla that has attracted the attention of a new lawsuit alleging that it has marketed and sold vehicles that are defective.

An article in ICLG covers the launch of a new class action being brought against Tesla over allegations that the car manufacturer’s semi-autonomous driving system has put drivers at risk through its ‘phantom breaking’ phenomenon. Furthermore, the class action is targeting Tesla’s marketing of its vehicles, alleging that the company has mislead customers over the supposed range of its vehicles. The class action was filed by JGA Saddler and is being funded by Woodsford.

Rebecca Jancauskas, director of JGA Saddler, took aim at Tesla’s “so-called Autopilot” feature, arguing that the vehicles’ habit of applying the brakes at random “could, if it causes an accident, result in serious injury and/or death.” Jancauskas also painted the alleged false advertising of Tesla vehicles’ range as part of a wider picture of misleading behaviour from the car company, saying that she “hoped this claim underscores the importance for all EV manufacturers to be truthful in their marketing, deliver on their promises, and ensure their products are safe and reliable.”

David Haughan, investment officer at Woodsford, argued that Australian consumers who purchased Tesla vehicles “were sold a car based on promises about the vehicles’ self-driving capabilities, battery range, and safety features, and Tesla has not delivered.” Haughan stated the primary motivation behind the class action in plain terms: “Tesla customers have not got what they paid for.”

More information about the Tesla Motors Class Action can be found here.