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The Legal Intelligencer

Skeptical of Sacks Weston's Survival, Judge Dismisses Firm's Chapter 11 Petition

"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.
4 minute read

New Jersey Law Journal

Litigation Funder Sues Plaintiffs Lawyer Over Clients' Alleged Nonpayment

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.
2 minute read

The Legal Intelligencer

Under Pressure From Lit Funding Creditor, Sacks Weston Agrees to Drop Chapter 11 Bid

The firm acknowledged expected difficulties in convincing creditors to confirm its bankruptcy plan.
3 minute read

New York Law Journal

A New York City Ethics Committee Embraces Litigation Funding

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.
5 minute read

The American Lawyer

Ex-Big Law Corporate Defenders Explain Why They Now Help Fund the Opposite Side of the 'V'

"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."
8 minute read

International Edition

Post Office Scandal Shows We Must Make Access to Justice Easier for Claimants

The U.S. Chamber of Commerce's goal is to constrain access to funding and deny people like Alan Bates the ability to bring their claims.
4 minute read

The American Lawyer

Litigation Funders' Pitch to Corporate Litigants: Turn Your Lawsuit Into an Asset

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.
5 minute read

The Legal Intelligencer

Sacks Weston's Creditors Remain Hostile to Firm's Chapter 11 Plan

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.
4 minute read

New York Law Journal

City Bar Proposal Would Formally Allow Fee Sharing With Litigation Funders

The New York City Bar Association's professional responsibility committee proposed statewide changes to Rule 5.4 that would allow lawyers to pledge security interests in unrecovered legal fees to non-lawyers, including third-party financers.
6 minute read

International Edition

Postal Scandal Sheds Light on Shady Litigation Funding

On the Post Office litigation, funders rode to the rescue but then hijacked the spoils—we need to reform the system, says former MP Seema Kennedy.
4 minute read

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