The Legal Intelligencer | News
By Amanda O'Brien | July 12, 2024
Attorney Kevin Berry says Vaughan McLean owes him over $350,000 that he contributed to help the firm pay off a $2 million loan. Founder Joseph Vaughan responded that Berry's misrepresentations over his book of business caused the firm to incur $10 million in litigation funding loans.
By ALM Staff | May 30, 2024
This ruling was selected and summarized by the New York Law Journal's decision editors.
By Dan Packel | May 23, 2024
Skadden served as deal counsel for an investment giant that had previously funded claims against a firm client. Such tensions may grow even more common as multistrategy investors look for new opportunities.
The Legal Intelligencer | News
By Amanda O'Brien | April 25, 2024
"The debtor is not a going concern, and its proposed plan will not maximize the value of the estate," U.S. Bankruptcy Judge Patricia Mayer said in an opinion.
By Charles Toutant | April 25, 2024
The defendants "received payments totaling $31,650 while their suits were pending, and in the event of a breach of contract Legal Bay is entitled to three times that amount, plus attorney's fees and expenses," the suit states.
The Legal Intelligencer | News
By Amanda O'Brien | April 24, 2024
The firm acknowledged expected difficulties in convincing creditors to confirm its bankruptcy plan.
New York Law Journal | Commentary
By William Marra | April 17, 2024
The City Bar's recommendation is significant because it represents yet another high-profile body rejecting the U.S Chamber of Commerce's arguments regarding litigation funding, a guest columnist writes for the Law Journal.
The American Lawyer | Analysis
By Justin Henry | April 16, 2024
"The skillsets we were developing as associates were largely transferable," said Evan Meyerson, a former Paul Weiss associate who moved to Burford Capital. "A big part of litigation strategy is thinking about what the other side thinks about your case and the job at Burford is to think through these investments as a devil's advocate."
The American Lawyer | Analysis
By Justin Henry | April 12, 2024
A $40 million agreement between Quinn Emanuel and Longford Capital illustrates how law firms are seeking to make third-party finance more appealing to their clients.
The Legal Intelligencer | News
By Amanda O'Brien | April 10, 2024
Third-party litigation funders Virage Capital and Jordan Litigation Funding pushed a judge Wednesday to dismiss the firm's Chapter 11 petition. Meanwhile, co-founder Andrew Sacks was absent from the hearing, purportedly dodging service of a subpoena from Virage.
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