New Jersey last week adopted new disclosure requirements in relation to litigation funding. The International Legal Finance Association has already expressed its disappointment in the decision, arguing that its passage is entirely unnecessary, inappropriate, contrary to the overwhelming majority of existing case law, and likely to create far more problems than it will solve. More from Reuters.
The dispute between Burford and Sysco is heating up, as Burford seeks a court order enforcing an arbitration decision barring the food distribution giant from settling price-fixing claims against major U.S. chicken, pork and beef producers, after Sysco sued Burford for allegedly meddling in Sysco‘s efforts to settle cases.
Contingency Capital has joined the International Legal Finance Association (ILFA) as its 20th member.
KPMG has reached a confidential settlement agreement with the liquidator of Carillion over a £1.3bn audit negligence claim backed by Litigation Capital Management, while Britain’s auditing watchdog, the Financial Reporting Council, has yet to announce the outcome of its investigation in KPMG‘s audits of Carillion.
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