A New York state court has disbarred the founder of litigation finance firm Cash4Cases, who will be sentenced next month in federal court for his role in a multimillion-dollar securities fraud scheme. Manhattan prosecutors said last year that Jaeson Birnbaum “conned investors through a series of lies about Cash4Cases.” The government alleged he used the company to take cash for himself, despite telling investors he was using funds to back litigants.
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.
We’ll alert you to key situations and stories you should be aware of.
We deliver the important litigation finance news and analysis straight to your inbox each Monday morning.
The newsletter is always free.
