fbpx
News
April 3, 2017

In the News Today – April 3, 2017

Australian Courts May “Rein In” Funders Cut in Class Actions: Federal Court Judge Jonathan Beach approved a $40 million dollar settlement and accepted it was reasonable for the funders to get a 30 percent cut of net settlement proceeds, but “was quick to point out that it might not be the going rate more generally.” “Litigation funders will be under even more scrutiny to justify to the court why the return they seek is both proportionate and reasonable,” said Herbert Smith Freehills partner Ruth Overington. (Financial Review)

Securities Class Action Lawsuit Filings Are “Off The Charts”: Securities suit filings during the first quarter of 2017 set a pace that if continued would mean “an unprecedented number of securities lawsuits by year end.” Additionally, the percentage of listed companies sued in the first quarter, if annualized, would mean that U.S. public companies are being sued at “four times the long-term historical rate.” (D&O Diary)

ABA Out of Federal Judge Vetting Process: The American Bar Association (ABA) made a statement late last week that the group has been told by the White House that the current administration will not be inviting the ABA’s independent Standing Committee on the Federal Judiciary to review the professional qualifications of potential nominees for the lower federal courts before they are nominated. (Law360)

Delaware General Assembly Blog Delaware Wants to Take a Closer Look at the TPLF Industry   Third Party Litigation Funding (TPLF) Blog European Parliament Legal Affairs Committee Adopts TPLF Legislative Initiative Report International Initiatives, Third Party Litigation Funding (TPLF) Welcome to Delaware Sign Blog Another Federal Court Now Requires Disclosure of Third Party Litigation Funding Third Party Litigation Funding (TPLF) litigation funders, beach scene Blog Sun, Sea, but no Sand(box) for Florida Lawsuit Investors Lawsuit Lending, Third Party Litigation Funding (TPLF) Blog Third Party Litigation Funding: Buying Trouble Across the Globe International Initiatives, Third Party Litigation Funding (TPLF)

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings