Amazon.com Inc. faces a UK class-action lawsuit over claims the tech giant uses a “secretive” algorithm to abuse its dominant position in the online marketplace. Amazon has made millions of customers pay more by hiding better deals on platforms to …
Financiers are helping to fuel a rise in U.S.-style class-action lawsuits in the UK courts, lured by the promise of big payouts. The British litigation finance industry — which pays legal fees upfront and shares in any eventual payout — …
SYDNEY β Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in costly class action lawsuits. Australia’s government last …
The Australian government is tightening regulatory scrutiny of wealthy litigation funders, clamping down on the industry following a surge in costly class action lawsuits. Treasurer Josh Frydenberg said on Friday that litigation funders will be required to hold an Australian …
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 …
