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June 7, 2024 For 17 years in a row, Wollmuth Maher & Deutsch LLP (“WMD”) has been recognized by Chambers USA as a leading law firm for business disputes in New York. In 2024, WMD again received Chambers’ recognition as a top-tier firm for Securities Litigation and an "esteemed" ranking in Insurance: Dispute Resolution. Chambers USA recognized WMD founding partners Dave Wollmuth and Bill Maher individually as tops in the field of Securities Litigation: Institutional Plaintiffs. Bill was again ranked Band 3 for Insurance: Dispute Resolution, a recognition of his broad expertise in resolving complex insurance disputes. Chambers USA quoted WMD clients as follows: Dave Wollmuth "gets things done cooly, calmly, and efficiently" and "is a first-class counselor." Bill Maher "is aggressive and fearless" and "an exceptional litigator." WMD "has demonstrated an intimate knowledge of the complexities of our case" and "[a]t every turn there is an expert ready to handle the challenge." About Wollmuth Maher & Deutsch LLP Wollmuth Maher & Deutsch LLP is a New York-based law firm with a reputation for high-stakes, complex litigation and bankruptcy work. WMD is known for its tenacity, legal prowess, and commitment to clients. WMD’s attorneys are dedicated to achieving the best possible results for our clients, utilizing a combination of deep industry knowledge, strategic problem-solving, and exceptional legal skill. WMD and its lawyers have consistently earned top marks from both clients and independent ratings services. Legal Advertising Disclaimer This post may be considered attorney advertising. Prior results do not guarantee a similar outcome.

Congratulations to Our Attorneys Selected as Best Lawyers for 2025! Sheryl L. Anderson (Recognized in Best Lawyers since 2013)                               - Personal Injury Litigation – Defendants   L. Michael Brooks, Jr. (Recognized in Best Lawyers since 2021)                               - Appellate Practice - Commercial Litigation - Insurance Law - Litigation - Insurance - Mass Tort Litigation / Class Actions - Defendants - Product Liability Litigation – Defendants   Paul Dinkelmeyer (Recognized in Best Lawyers since 2020) - Litigation – Insurance   Adam P. O'Brien (Recognized in Best Lawyers since 2022) - Commercial Litigation - Insurance Law - Litigation – Insurance   William T. O'Connell Ill (Recognized in Best Lawyers since 2021) - Civil Rights Law - Litigation - Labor and Employment   Katherine Pratt (Recognized in Best Lawyers since 2025) - Litigation - Labor and Employment   Mary A. Wells (Recognized in Best Lawyers since 2003) - Commercial Litigation - Personal Injury Litigation - Defendants - Product Liability Litigation – Defendants   Best Lawyers: Ones to Watch in America   William D. Healy (Recognized in Best Lawyers: Ones to Watch in America since 2023) - Commercial Litigation - Insurance Law

Day 11: Who Are the Key Players in the Litigation Funding Process? 🤝 Litigation funding involves several important stakeholders, each playing a unique role in bringing a case to success. Here’s an overview of the key players: 1. Plaintiff: The individual or entity pursuing a legal claim. They benefit from litigation funding by receiving financial support to cover legal expenses without upfront costs. 2. Litigation Funder: The third-party entity providing financial backing for the case. They conduct thorough due diligence to assess the case’s merits and invest in claims they believe have a high chance of success. 3. Law Firm: The legal team representing the plaintiff. Law firms work closely with funders to ensure that the case strategy is sound and well-executed, often providing updates to the funder on the case’s progress. 4. Insurance Provider: In many funded cases, an insurance company offers *After-the-Event (ATE) insurance* to protect against the risk of losing and covering the opposing party’s legal costs. 5. Defendant: The party being sued. While not directly involved with the funder, the defendant may be affected by the additional resources and confidence the plaintiff gains from having litigation funding. 6. Expert Witnesses & Consultants: Depending on the case, funders may facilitate access to expert witnesses and specialized consultants to strengthen the plaintiff’s claim. Each of these players contributes to the dynamic world of litigation funding, making it possible to bring complex legal claims to court and pursue justice effectively. #LitigationFunding #LegalProcess #AccessToJustice #DisputeResolution #LawFirms   www.sharesamadhan.com | www.litigationfundings.com

Litigation Funding Is Here to Stay, But Faces New Challenges The New York Times described litigation funding as “an obscure corner of Wall Street” in 2013. Today, it has emerged from obscurity- and grown into a $15.2 billion industry, up from $9.5 billion five years ago. David Lat provides an overview of litigation funding in his article at Bloomberg Law (link in the comment). He compares the key issues facing the industry today with those from a decade ago. The litigation finance industry has evolved significantly from its early days when questions of legality dominated discussions. Initially, several US states upheld laws based on ancient doctrines of maintenance and champerty, which barred third parties from funding lawsuits for profit. However, these laws were either narrowly interpreted, as in New York, or abandoned, as in Minnesota. Today, the primary debate in the field centers on disclosure: whether funding arrangements must be disclosed in court and, if so, to what extent. Various states have passed laws on this matter, and at the federal level, legislation and court rules are under consideration. While some funders are wary of disclosure requirements, these rules signify the industry's survival, as opponents of litigation finance have shifted focus from outright bans to transparency. Litigation finance has transitioned from a fringe concept to mainstream acceptance. Once met with skepticism, funding is now a common practice in major law firms. For example, Willkie Farr’s 2021 partnership with Longford Capital marked a turning point, and other firms have since joined. According to Westfleet Advisors, the largest U.S. law firms now account for a substantial share of capital commitments in litigation finance. This acceptance has extended to major financial firms and even insurance companies, with firms like Fortress Investment Group investing in litigation assets and insurers like Liberty Mutual offering judgment-preservation insurance. With the industry’s rapid growth - now valued at $15 billion - some worry about potential commoditization, where an influx of capital might lower industry standards. Commoditization remains limited, as lawsuits vary widely, preventing a one-size-fits-all investment approach. However, minor signs of standardization have emerged, particularly in funding for litigation portfolios. Looking ahead, experts are optimistic about the future of litigation finance, though ethical practices will be critical to its longevity. New participants, innovations like post-judgment insurance, secondary investments, and AI-based strategies are reshaping the field. #thirdpartyfunding #litigationfinance #litigationfunding #legalcosts #disputecosts

We are thrilled to have been listed by Chambers and Partners in Band 1 for our litigation funding advisory practice with our Managing Director Thomas Steindler also being individually ranked in Band 1. This recognition is a testament to our commitment to excellence and the trust our clients place in us. Co-Founder, John Astill, who comes from a background in litigation risk insurance says, "𝑊𝑒 𝑎𝑟𝑒 𝑒𝑥𝑡𝑟𝑒𝑚𝑒𝑙𝑦 𝑝𝑟𝑜𝑢𝑑 𝑜𝑓 ℎ𝑜𝑤 𝑓𝑎𝑟 𝑤𝑒'𝑣𝑒 𝑐𝑜𝑚𝑒 𝑖𝑛 𝑠𝑢𝑐ℎ 𝑎 𝑠ℎ𝑜𝑟𝑡 𝑠𝑝𝑎𝑐𝑒 𝑜𝑓 𝑡𝑖𝑚𝑒. 𝑂𝑢𝑟 𝑠𝑢𝑐𝑐𝑒𝑠𝑠 𝑖𝑠 𝑎 𝑑𝑖𝑟𝑒𝑐𝑡 𝑟𝑒𝑠𝑢𝑙𝑡 𝑜𝑓 𝑡ℎ𝑒 𝑠𝑢𝑝𝑝𝑜𝑟𝑡 𝑎𝑛𝑑 𝑡𝑟𝑢𝑠𝑡 𝑓𝑟𝑜𝑚 𝑜𝑢𝑟 𝑐𝑙𝑖𝑒𝑛𝑡𝑠. 𝑊𝑒 𝑜𝑤𝑒 𝑜𝑢𝑟 𝑎𝑐ℎ𝑖𝑒𝑣𝑒𝑚𝑒𝑛𝑡𝑠 𝑡𝑜 𝑡ℎ𝑒𝑖𝑟 𝑏𝑒𝑙𝑖𝑒𝑓 𝑖𝑛 𝑜𝑢𝑟 𝑣𝑖𝑠𝑖𝑜𝑛." Our journey has been supported by the unwavering backing of Hambleden Capital, to whom we are immensely grateful. Today, our team comprises five dedicated individuals, each bringing a wealth of experience and a shared commitment to transforming the litigation funding landscape, enhancing our ability to provide well-rounded advice. Co-founder Hash Dave has a background working in corporate finance and special situations investing. Thomas Steindler hails from an insurance and litigation finance brokerage background, whilst Lucy Glyn comes from a career as a transactional lawyer and has previously worked for a major litigation funder and Matthew Lo is a former disputes lawyer with strong experience in litigation finance. Together, we are driven by a common goal: to make the litigation funding industry more efficient, transparent, and equitable. Our hard work and dedication since our inception just 6 years ago have not gone unnoticed and are thrilled to have been listed as a Band 1 advisory practice. With huge appreciation to all our clients and contacts who provided feedback during the research period. Read about our journey over the past 6 years and our services here: https://lnkd.in/g4d59auH #litigationfunding #litigationsupport #independentadvice #complexitysimplified

TPLF 🌟 Third-Party Litigation Funding (TPLF) and Small Businesses: Pros, Cons, and Real-World Considerations 🌟 Understanding TPLF: Third-Party Litigation Funding (TPLF) is a financial arrangement where a third-party funding provider offers financial support to parties involved in legal disputes, typically in exchange for a share of the eventual settlement or judgment proceeds. TPLF enables businesses, including well-insured small enterprises, to access additional financial resources to pursue legal claims effectively, especially in complex litigation scenarios. What are some of the pros, cons, and real-world implications of TPLF for well-insured small businesses: Pros: 🚀 Access to Justice: TPLF empowers small businesses to pursue legal claims they might otherwise deem financially unfeasible, ensuring they can access justice and defend their rights effectively. 💰 Financial Relief: By covering litigation expenses, TPLF alleviates the financial burden on small businesses, allowing them to maintain financial stability and focus on core operations. 🛡️ Risk Mitigation: TPLF transfers the financial risk of litigation to the funding provider, protecting small businesses from potential financial fallout in case of an unfavorable outcome. Cons: 💸 Increased Costs: TPLF-funded litigation may result in higher legal fees and settlement amounts, potentially escalating the overall cost of resolving legal disputes for small businesses. 🤝 Loss of Control: TPLF involvement may diminish small businesses' control over the litigation process, as funding providers may have their own interests that don't always align perfectly with those of the business. ⚖️ Potential Conflicts of Interest: TPLF arrangements could give rise to conflicts of interest between small businesses, their attorneys, and the funding provider, impacting decision-making and strategy. Real-World Considerations: ✅ Strategic Fit: Small businesses should carefully assess whether TPLF aligns with their strategic objectives and risk tolerance, weighing the benefits against potential drawbacks. 🔍 Case-Specific Analysis: Each legal dispute is unique, requiring a tailored approach. Small businesses must conduct thorough due diligence and consult with legal and financial advisors to determine the suitability of TPLF for their particular situation. 🛡️ TPLF and Insurance Synergy: For small businesses, TPLF can complement existing insurance coverage, providing an additional layer of financial support and risk mitigation in the face of complex litigation. In navigating the complexities of TPLF, small businesses must strike a balance between leveraging this resource to access justice and managing associated risks effectively. By staying informed and consulting with experts, they can make informed decisions that align with their long-term objectives and safeguard their interests. #TPLF #InsuranceCoverage #SmallBusinesses #RiskManagement #FinancialStability

The 2025 edition of Best Lawyers in America® recognizes 26 GWB Attorneys! Best Lawyers Charleston, SC Jay Jones • Litigation - Construction • Personal Injury Litigation - Defendants Lindsay Joyner • Commercial Litigation • Litigation - Banking and Finance • Litigation - Trusts and Estates Emily Gifford Lucey • Construction Law • Litigation - Construction Charlotte, NC James M. Dedman • Litigation - Insurance Chris Kelly • Commercial Litigation • Railroad Law Columbia, SC A. Johnston Cox • Insurance Law • Personal Injury Litigation - Defendants Gray Culbreath • Appellate Practice • Bet-the-Company Litigation • Commercial Litigation • Mass Tort Litigation / Class Actions - Defendants • Personal Injury Litigation - Defendants • Product Liability Litigation - Defendants John Cuttino • Litigation - Construction • Personal Injury Litigation - Defendants • Product Liability Litigation - Defendants John T. Lay • Bet-the-Company Litigation • Commercial Litigation • Insurance Law • Mass Tort Litigation / Class Actions - Defendants • Personal Injury Litigation - Defendants • Product Liability Litigation - Defendants Shelley Montague • Construction Law • Insurance Law • Litigation - Insurance • Personal Injury Litigation - Defendants Curtis Ott • Commercial Litigation • Product Liability Litigation – Defendants Greenville, SC Debbie Brown • Employment Law - Individuals • Employment Law - Management • Workers' Compensation Law - Employers Amity Edmonds • Workers' Compensation Law - Employers T. Cory Ezzell • Workers' Compensation Law - Employers H. Mills Gallivan • Arbitration • Mediation • Workers' Compensation Law - Employers Jennifer Johnsen • Commercial Litigation • Employee Benefits (ERISA) Law • Insurance Law • Litigation - ERISA Carter Massingill • Commercial Litigation • Litigation - Construction Stuart Mauney • Mediation • Medical Malpractice Law - Defendants • Personal Injury Litigation - Defendants • Professional Malpractice Law - Defendants C. William McGee • Personal Injury Litigation - Defendants • Product Liability Litigation - Defendants W. Duffie Powers • Commercial Litigation • Construction Law • Litigation - Construction Jared M. Pretulak • Workers' Compensation Law - Employers Phillip Reeves • Insurance Law • Litigation - Insurance • Personal Injury Litigation - Defendants • Product Liability Litigation - Defendants David Rheney • Insurance Law • Litigation - Insurance • Personal Injury Litigation - Defendants • Product Liability Litigation - Defendants Wes Shull • Personal Injury Litigation - Defendants • Workers' Compensation Law - Employers Ronald Tate • Commercial Litigation • Construction Law • Product Liability Litigation - Defendants • Professional Malpractice Law - Defendants Ronald Wray • Commercial Litigation • Product Liability Litigation - Defendants • Railroad Law

This week, LCJ led a corporate letter to the Advisory Committee on Civil Rules urging the creation of a rule to govern the process of disclosing third-party litigation funding (TPLF) in cases with reliability and consistency. The letter garnered over 120 signatures from industry leaders in healthcare, insurance, technology, automotive, energy, financial services and more. Because there is currently no federal rule governing the process for TPLF disclosure, courts are inconsistently using a variety of approaches, creating uncertainty for parties in litigation. Without disclosure, parties are uninformed about who is making decisions that may significantly impact the litigation, and whether conflicts of interest exist between witnesses, the court, and parties as well as non-parties to the litigation. Read the full letter here: https://bit.ly/3N9S9Op In addition to the corporate letter, LCJ and the @U.S. Chamber of Commerce Institute for Legal Reform jointly submitted a comment to the Advisory Committee emphasizing the necessity and importance of addressing the inconsistent and fractured procedural landscape which has emerged in the absence of a rule requiring the disclosure of third-party litigation funding (TPLF). The comment advocates for the creation of a “simple and predictable” rule to require the disclosure of TPLF agreements. Read the full comment here: https://bit.ly/4dBSkwx The letter and comment come at a time when TPLF has ballooned into a $15 billion industry at the intersection of two of the most highly regulated industries in America; litigation and finance. The growth of the industry, demonstrated by an increase in both funding and number of cases in which such arrangements exist, has resulted in an increase of requests from litigants asking courts to order the disclosure of funding agreements in their cases. The letter and comment are part of LCJ’s intensifying efforts to encourage litigants to Ask About TPLF in their cases, and to advocate for a consistent and reliable federal rule to require disclosure. Later this month, LCJ will launch a new Ask About TPLF website that will serve as a hub for its new campaign.

5 Key Facts About IP Litigation ⚖️ Litigation is Expensive – Defending a patent lawsuit can cost over $2 million, even if the case doesn’t go to trial. Without protection, these costs could drain your business. 💸 Many Lawsuits Settle – While many IP lawsuits are settled before trial, settlement negotiations still incur significant legal fees. Patent insurance covers those costs, allowing you to negotiate from a position of strength. 🤝 Patent Trolls Target Vulnerable Businesses – Non-Practicing Entities (NPEs) often target companies they believe can’t afford long litigation battles. With patent defense insurance, you can fight back instead of being forced into a costly settlement. 🛡️ Infringement Can Be Unintentional – You don’t have to knowingly infringe on someone’s patent to be sued. Even unintentional use of patented technology can lead to lawsuits, making defense insurance a smart investment. 🔍 Litigation Disrupts Business – Ongoing litigation can disrupt daily operations, delay product launches, and hurt company morale. Having insurance in place allows your business to continue running smoothly while legal issues are being handled. 🚀 Is your business ready for the unexpected? Visit us at ipisc.com to learn how we can help businesses insure against IP litigation. #PatentLitigation #IPProtection #PatentDefense #LitigationManagement #BusinessSecurity

Litigation Funding Series: Types of Commercial Litigation Funding and Role of Insurance in CLF https://bit.ly/3VvLwv6 #litigation #funding #insurance