A business lobby group wants the U.S. Congress to regulate companies that provide financing for commercial lawsuits, describing the practice as “coercive enterprise.” The U.S. Chamber of Commerce Institute for Legal Reform, a long-time critic of third-party litigation funders like …
A business lobby group has called on the U.S. Congress to regulate companies that provide financing for commercial lawsuits, describing the practice as “coercive enterprise.” The U.S. Chamber of Commerce Institute for Legal Reform, a long-time critic of third-party litigation …
Hundreds of former Chrysler LLC executives claiming they lost retirement benefits because of age bias can sue the company’s former parent Daimler AG, a U.S. appeals court ruled on Tuesday. More than 450 former auto executives have said they lost …
John Hancock Life Insurance Co. and its law firm, Edwards Wildman Palmer, must face a class action accusing them of violating racketeering laws by marketing a tax shelter, a federal appeals court ruled on Wednesday. The 6th U.S. Circuit Court …
Former partners of the defunct law firm Dewey & LeBoeuf agreed on Thursday to pay at least $50 million toward a settlement agreement, the minimum amount the firm’s advisers had been seeking in order to submit the proposal to bankruptcy …
Dewey & LeBoeuf offered on Wednesday to drop potential claims against former partners if they collectively shell out up to $103.6 million to the estate of the largest U.S. law firm ever to declare bankruptcy. Joff Mitchell, the chief restructuring …
In a rare instance of law firms compensating investors burned in the mortgage meltdown, Greenberg Traurig and Quarles & Brady moved closer on Wednesday to settling a class action that accused them of participating in a $900 million Ponzi scheme. …
A former partner at Dewey & LeBoeuf has sued a group of the law firm’s ex-leaders for fraud, saying they ran the now-bankrupt firm as a Ponzi scheme to benefit themselves. Henry Bunsow, an intellectual property lawyer in San Francisco, …
For eight years, hundreds of victims of militant attacks in Israel have pursued litigation against a Jordanian bank they claim provided financial services to Hamas and other militant groups. Now the plaintiffs have a new legal hurdle to overcome: the …
