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October 30, 2017

Plaintiffs’ Lawyers Seek Review of Rejected Mastercard Class Action

Investors in Litigation Financing Target Commercial Auto: Panelists at the 2017 Risk Management Summit noted the rise of third party litigation funding in commercial auto claims. The panelists also noted that cases backed by funding agreements are harder to settle, since “funding companies have no incentive to take any less.” (Insurance Journal)                      

So What If You Can’t Join a Class Action?: A Bloomberg View columnist said after reviewing the data, the Consumer Financial Protection Bureau’s anti-arbitration rule “seems to be solving a largely imaginary problem, in a rather expensive fashion.” She pointed to the cost, in both money and time, of class action litigation as reasons why the bureau is “wildly exaggerating the harm” of arbitration clauses. (Bloomberg View)

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