Fortress Investment Group is seeking to raise about $1 billion for its latest fund in litigation finance, a sector in which it’s becoming a powerhouse, according to people familiar with the matter. The new fund, dubbed Fortress Legal Assets Fund …
Google is endorsing a bill that would require people filing lawsuits to disclose who will be paying for – and profiting from – the litigation. The bill, introduced last week by California Republican Representative Darrell Issa, would require plaintiffs to …
There is no federal law that requires the disclosure of litigation funding agreements in court cases, but some disturbing insight has been found in individual jurisdictions that have rules to increase transparency, according a panel on the topic at the …
The litigation-financing industry could see new demand from an increase in health care lawsuits, according to Christopher Bogart, chief executive officer of litigation funder Burford Capital Ltd. “There is such enormous economic pressure in the health care industry that it …
Litigation financing could soon become more transparent and less influential in Florida, but a 34-year-old restriction on who can file medical malpractice wrongful death claims would be expanded under bills approved Monday by a key Florida legislative panel. The Senate …
Fortress Investment Group LLC is pitching an investment opportunity within an increasingly popular yet controversial corner of finance — funding other companies’ legal battles. The private equity firm is raising its second fund to invest in legal assets, having already …
In insurance defense attorney Dennis Kass’ world, litigation financing firms lurk behind the scenes, pushing plaintiffs to undergo as much treatment as possible so lawyers can maximize the value of claims. “In a lot of ways, the plaintiffs become pawns …
A disbarred New York lawyer was sentenced yesterday to 36 months in prison for defrauding investors in his now bankrupt litigation finance firm called Cash4Cases. According to the U.S. Attorney for the Southern District of New York, Jaeson Birnbaum previously …
Palisade Partner Launches Specialty Managing General Underwriter Palisade Insurance Partners, a specialty managing general underwriter, has been launched with plans to provide a range of contingent legal risk insurance and other specialty insurance products across the U.S. and International markets. …
Hedge funds, private equity and sovereign wealth funds are piling billions into the outcome of high stakes court cases at a faster rate than ever before. Litigation finance — the practice of paying legal fees up front with a promise …
