Chamber of Commerce 'Debunks LF Myths'; Analyzing the LF Marketplace; How Wall St. Impacts Mass Torts; Spotlight on Australia; People Moves, and more.
Legal Funding Journal
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Chamber of Commerce Publishes Paper ‘Debunking Myths’ in Litigation Funding
A new paper from the U.S. Chamber of Commerce Institute for Legal Reform’s sets out to once again challenge the litigation funding industry, arguing that the practice’s dominance within the legal system has not been accompanied by commensurate regulation or oversight that are seen in other areas of financial services.
The paper entitled ‘Grim Realities: Debunking Myths in Third-Party Litigation Funding’ attempt to challenge these supposed myths, claiming that the funding industry “has successfully promoted a series of myths that boil down to the claim that TPLF is a benign—and usually salutary—business model that increases litigants’ access to justice and that should be of little interest to courts and lawmakers.”
#litigationfinance #litigationfunding #litfin #legalfunding #legalfinance
DOJ “Actively Considering” Filing a Statement of Interest in Burford Capital’s $16B Argentina Case
In the world of litigation funding cases with geopolitical implications, there can be few more significant than the ongoing dispute between Burford Capital and Argentina over the enforcement and collection of the $16 billion YPF award.
An article in the Buenos Aires Times covers the news that the United States Department of Justice sent a letter to US District Judge Loretta Preska asking the Manhattan court to delay ruling on Burford Capital’s request for the court to order Argentina to turn over its 51% interest in YPF. The reason for this requested delay, is that the US government is “actively considering whether to file a Statement of Interest with respect to the pending motion for an injunction and turnover.”
#litigationfinance #litigationfunding #litfin #legalfunding #legalfinance
Analyzing the Litigation Finance Marketplace
The contentious debate over future regulation of the litigation finance market tends to primarily focus on the impact of outside funding on the legal system or on individual cases, a new academic paper looks at the issue through a broader lens, arguing that ‘litigation finance generally promotes marketplace efficiency and should be encouraged.’
In a forthcoming paper for the Southern California Law Review, Suneal Bedi and William Marra provide a new outlook on the debate over the regulation of third-party litigation funding. Bedi and Marra explain that their article ‘reframes the debate about litigation finance’, broadening the conversation from the effects of outside capital of the legal system, to an examination of ‘how litigation finance affects competition not only in the courtroom but also in the marketplace’.
How Wall Street Money is Impacting the Mass Torts Sector
Day one of this year’s LF Dealmakers event featured an entire day focused on one of the most prominent legal sectors within the litigation funding sphere: Mass Torts.
In the keynote session, titled “Mass Torts at a Crossroads: Is Wall Street Money a Catalyst or Complication?”, Seth Meyer, Managing Partner at Meyer Law Firm PLC moderated a discussion between Steven Weisbrot, CEO of Angeion Group, and Harris Pogust, Founding Partner of Pogust Goodhead.
The conversation focused on Wall Street money’s impact on the litigation funding sector. The key question being if the influx of capital is a catalyst or complication.
#litigationfinance #litigationfunding #legalfinance #legalfunding #litfin #masstorts
Legal Funding Journal Virtual Town Hall | Spotlight on: Australia
Mark your calendars for October 17th at 10am AEST (October 16th at 8pm EST) and join LFJ for our next Virtual Town Hall where we will convene a panel of industry subject matter experts who will provide their insights around the nuances of legal funding in Australia, including key topics and trends such as:
Panelists include:
#litigationfinance #litigationfunding #litfin #legalfinance #legalfunding
People Moves
Travis Lenkner Rejoins Burford Capital in Newly Created Chief Development Officer Role
Burford Capital , the leading global finance and asset management firm focused on law, today announces that Travis Lenkner has rejoined the company as a member of its Management Committee in the newly created role of Chief Development Officer.
Moneypenny and VoiceNation Appoint New US Head of Marketing
Moneypenny USA and VoiceNation , leading virtual receptionist and phone answering providers, have appointed a new US Head of Marketing, Kris Altiere . Kris joins with over 20 years experience in marketing, growing revenue and improving brand awareness for companies of all sizes from start ups to rebrands and merging companies, which she has done time after time with great success.
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