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News
October 2, 2014

In The News Today – October 2, 2014

Judge Keith P. Ellison recently ruled that foreign investors who sued BP PLC over alleged stock losses related to the 2010 Deepwater Horizon disaster can continue to seek remedy in U.S. district court “even though they are litigating under English law”. (Law360)

An Illinois appeals court on Tuesday reversed a summary judgment that previously let Central Mutual Insurance Co. off the hook for covering a $14 million settlement in a junk fax class action levied against a dating service which it insured. In her opinion, Justice Mary Anne Mason cited the recent high court decision in Standard Mutual Insurance Co. v. Law, which found that “damages in such cases are punitive and, thus, uninsurable under state law”. (Law360)

Blog European Parliament Legal Affairs Committee Adopts TPLF Legislative Initiative Report International Initiatives, Third Party Litigation Funding (TPLF) Image of the UK Supreme Court Blog An Update on the Current UK Litigation Landscape: Podcast Review International Initiatives Blog American and European Business Groups Release Joint Statement in Support of EU TPLF Regulation  International Initiatives Blog Third Party Litigation Funding: Buying Trouble Across the Globe International Initiatives, Third Party Litigation Funding (TPLF) Australia Blog Proposed Class Action Reforms In Australia Cause Funders And Lawyers To Race To File Cases International Initiatives, Third Party Litigation Funding (TPLF)

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