In the News Today – August 29, 2016
- WSJ ‘Cheers’ Judge for Tossing ‘Too Much Ice’ Lawsuit vs. Starbucks: The Wall Street Journal editorial board gave credit to Judge Percy Anderson for tossing a lawsuit against Starbucks that alleged “baristas put too much ice in cold drinks.” ILR’s Faces of Lawsuit Abuse campaign highlighted two similar lawsuits against Starbucks earlier this year. (Wall Street Journal)
- New Litigation Finance Startup Highlighted: A new third party litigation financing startup, Legalist, “plans to use algorithms to vet and finance commercial lawsuits that could deliver significant returns to investors.” The company expects to invest between $50,000 and $500,000 per case and “hopes to get up to 50 percent of any award or settlement.” The article notes that ILR, in a May Wall Street Journal article, said that “litigation financing is currently subject to little to no oversight or regulation.” (Slate.com)
