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Many former prisoners who were unjustly imprisoned are becoming profit centres for finance firms seeking to provide them with high interest cash advances while they await settlements from the state.
Litigation funder RD Legal Funding, which was accused of charging 9/11 first responders 250% interest on loans, settled a predatory lending lawsuit brought by state and federal authorities for just $1, and agreed not to collect the $600,000 that customers still owe under its contracts as part of its settlement with the U.S. Consumer Financial Protection Bureau and the New York Attorney General's Office.
Katie Allard of Kingsley Napley predicts that the growth of the litigation funding market will contribute to a growing trend in ESG litigation brought by private individuals, not just climate activist groups, in 2023.
Donal Dunne of Addleshaw Goddard anticipates that, given the level of litigation against the State in Ireland, it appears unlikely that the Irish government will voluntarily extend the level of commercial third-party litigation funding other than in limited areas where it accepts there may be a commercial benefit.
Richard Frenkel and Cecilia Sanabria of Latham and Watkins discuss the increase in litigation by non-practicing entities in the last five years and consider why and whether litigation disclosure requirements affect choice of venue.
Cameron Cheetham, Andrew Edington and Georgia Winkcup of Corrs summarise a recent decision involving a litigation funder where an Australian court approved a success fee in addition to the liquidators’ remuneration.
Deminor is funding a legal action to be initiated by investors who allegedly suffered substantial losses following investments made in certain funds managed by H2O AM, an asset manager part of the Natixis group.
Bench Walk is backing claims brought by law firm Leigh Day on behalf of a significant class of UK bill-paying households to bring standalone competition damages claims in the Competition Appeal Tribunal against water and sewerage companies in England.
A recent survey shows that funders and lawyers aren’t seeing eye to eye on mandatory disclosure, with more than three-quarters of funders disagreeing that disclosure of funding should be mandatory at the start of cases, while more than half of lawyers think the opposite.
Hundreds of homeowners frustrated by lengthy delays in construction have secured Morgan Alteruthemeyer Legal Group to represent them and are sourcing litigation funding to bankroll a class action against BGC Housing Group, Western Australia's biggest builder, in Federal Court.
Deminor is reportedly set to fund a claim to be brought by a group of investors against H2O Asset Management with respect to its alleged unauthorized investments in securities owned by controversial German financier Lars Windhorst.
Patent-holding company Nimitz Technologies LLC asked a U.S. appeals court on Wednesday to overturn a Delaware federal judge's order to disclose details about the funding of its litigation that it says should be kept secret.

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