U.S. Chamber cites foreign enemies in latest call to stem litigation funding

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Litigation funder to pay $1 to settle CFPB, N.Y. lawsuit over 9/11 fund

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.

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Danske Bank ex-CEO cleared in $322 mln investor lawsuit over Estonia case

Danske Bank’s former chief executive Thomas Borgen has been cleared by a Danish court of any liability in a shareholder claim for approximately $322 million brought by Deminor on behalf of 155 institutional investors for losses linked to Danske Bank’s involvement in one of the world’s largest money-laundering scandals.

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