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Third-party Litigation Funding Begins to Take Off
Lawyers like Jonathan Petrus see the U.S. as a market ripe for investment, particularly on the defense side.Litigation Funding Beginning to Take Off
Selvyn Seidel is a betting man. He's betting that life after a partnership at Latham & Watkins will provide continued riches and that the pallid economy can sustain his recent venture. He's also betting that it's the beginning of a new age in litigation.Hospitals Need Lawyers -- Stat!
When California's Brotman Medical Center filed for Chapter 11 bankruptcy in October, attorneys paid attention. Its financial struggles are likely to be a harbinger of hospital woes to come as the number of uninsured patients grows and hospital revenues decrease. O'Melveny & Myers is actively targeting hospital bankruptcies, hoping to cash in on a climate of upheaval. Other firms are ramping up as a hospital crisis looming in California may mean plenty of legal work to go around.Brobeck Trustee Ready to Settle With Ex-Partners
Brobeck bankruptcy trustee Ronald Greenspan is inviting the firm's former partners to a meeting at which he will propose a settlement agreement that would free the partners from litigation related to the firm's collapse. Greenspan has asserted in bankruptcy court filings that he intends to pursue claims against the former partners for allegedly taking distributions when the firm was insolvent. In a filing Monday, Greenspan said the partners had received about $285 million in 2001 and 2002.Hospitals Need Lawyers � Stat!
O'Melveny & Myers attorney Stephen Warren says that the shaky condition of hospitals � especially in Southern California � means a rise in bankruptcy-related work in the health care field.Trending Stories
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