New York Surgeon Pleads Guilty to Participating In $31M Trip-and-Fall Fraud October 3, 2022 A New York doctor last week pled guilty to performing unnecessary surgeries as part of a scheme by doctors and...
Federal Court in Delaware Requiring Disclosure of Litigation Funding Agreements April 22, 2022 By Jim Sams Insurers are applauding a decision by the chief judge for the U.S. District Court in Delaware to require parties to...
APCIA Joins Group Pushing for Reforms on Litigation Funding March 3, 2022 By Chad Hemenway A new advocate group in New York that counts the American Property Casualty Insurance Association (APCIA) as a member is...
Reinsurer Says U.S. Should Regulate $17 Billion Litigation Funding Industry December 13, 2021 By Jim Sams Litigation funding has become a $17 billion industry globally, with 52% of that money being spent in the United States,...
Australia Weighs Capping Fees for Litigation Funders, Lawyers as Class Actions Surge May 28, 2021 By Paulina Duran SYDNEY – Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for...
Court Deals Blow to Litigation Funders With False Claims Act Suits August 20, 2020 By Jim Sams A federal appellate court dealt a blow against litigation funding companies by ruling that the U.S. Justice Department can dismiss...
Tesla Says Hedge Fund Is Behind Ex-Employee’s Lawsuit August 13, 2020 By Edvard Pettersson Tesla Inc. says hedge fund Cable Car Capital LLC, which is shorting the company’s stock, is funding a former employee’s...
Australia Clamps Down on Litigation Funders Following Surge in Class Action Lawsuits May 22, 2020 The Australian government is tightening regulatory scrutiny of wealthy litigation funders, clamping down on the industry following a surge in...
Bills in Congress, States Seek to Curb Litigation Funding February 20, 2020 By Jim Sams Lawmakers in three states and in Congress have introduced bills to impose more controls on litigation funding companies, which insurers...
Directors and Officers Face Significantly Higher Range of Risks: Allianz Report December 4, 2019 The range of risks facing company executives, or directors and officers (D&Os), has increased significantly in recent years along with...