Law professors Anthony Sebok of the Benjamin N. Cardozo School of Law and Maya Steinitz of the Iowa College of Law both agree that it’s too early to tell whether the new disclosure requirements in New Jersey will lead to changes in litigation tactics in cases with outside funding, though Maya emphasises that the disclosure rules are very significant, as can be inferred from the passions of parties on both sides. Read more.
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.
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.
In a letter addressed to US Attorney General Merrick Garland, a group of 14 Republican state attorneys general warned of what they called potential economic and national security threats posed by investments in US lawsuits by “foreign adversaries”, and asked the US Department of Justice to describe what the federal government has done to address concerns related to third-party litigation funding.
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