In the News Today – December 14, 2016
- Third Party Funder Ordered to Appear in Court Today: Garrett Kelleher, a third party funder that invested $2.85 million in 2006 to support a group of Liberian businessmen suing to enforce a $66.5 million judgment against U.S. insurer Cigna, has been ordered to appear for a hearing today. The hearing will determine the damages due to Cigna for his “role in funding the litigation, as [he] breached an injunction barring the Liberians from ever attempting to enforce the judgment.” (GNN Liberia)
- Chicago Firm Targets Class Action Objectors With RICO Suit: A group of attorneys who often stand in the way of class action settlements are now being accused of racketeering in a class action lawsuit filed in Illinois federal court. Edelson PC, a prominent Chicago firm, filed its 49-page complaint which accused the defendants of “engaging in a pattern of racketeering and extortion as ‘professional objectors.’” (Forbes/Legal Newsline)
