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News
November 15, 2013

In the News Today – November 15, 2013

The Supreme Court is scheduled to weigh whether to grant certiorari in a suit challenging the “fraud on the market” theory, one of the bedrocks of securities class action litigation. American Lawyer

Twenty-eight new lawsuits have been filed against the oil and gas industry in Louisiana. An op-ed in the Baton Rouge Advocate says the suits follow a familiar pattern: “extort as much money from the oil and gas industry as possible, thus lining the pockets of this small group of trial lawyers.”

A Florida couple won a $1.2 million jury verdict in a suit alleging that tainted Chinese drywall ruined their house. The plaintiffs are among a small group of homeowners who opted out of an $800 million federal settlement. Daily Business Review

A new report says global investment banks could be facing more than $100 billion in civil liability relating to allegations of foreign-exchange market rigging, interest rate manipulation, and soured mortgages. WSJ Moneybeat

“The debate about the future of lawyer-linked litigation funding companies is taking on elements of the surreal,” Chris Merritt writes in The Australian ($).

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)

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