Archive for RD Legal Funding

New York University’s 2015 Fall Conference: Litigation Funding

legal funding related keywords

New York University’s Center on Civil Justice held a conference in late 2015 on the topic of litigation funding. The all day affair featured three different panels where the topic was examined from different viewpoints. The first panel featured representatives from different legal funding companies and they explained the basics of the litigation funding.

New York University is one of the premier universities in the entire world with campuses all over the globe. Their panel on litigation funding adds stature to the industry and the panelists also added an additional level because of where they are in the industry. Some of the panelists were representatives from the biggest litigation funding companies. Others were people from academia who have studied and written about the topic.

Litigation Funding has been the topic of the month and has been gaining traction in recent months as the industry continues to grow. It is such a huge topic and growing part of the legal and finance industries, people need to be educated on all sides of the industry. In the recent years, several hedge funds, venture capital firms have put money into companies that are in the legal funding sector. In addition, several high powered attorneys in the law have defected to some litigation funding companies. So the industry now has name recognition and stature in the legal, finance, and increasingly in the media. The New York Times, The Wall Street Journal, Financial Times, and The Economist have all covered the litigation funding industry. Those stories and others have helped increase the profile of the industry to the general public and interested parties.

The Utah Association for Justice’s 2016 Brain Injury Conference

RD Legal Funding Logo

The Utah Association for Justice (UAJ) is holding their 2016 Brain Injury Conference on February 26th at the Law and Justice Center in Salt Lake City. According to the UAJ’s website, online registration for the conference is closed, but it may be possible to apply in person. The one day conference will touch on a variety of topics important to those plaintiffs’ attorneys who litigate brain injury cases. Generally, brain injury cases can take a long time to resolve because of the amount of evidence and testimony from experts needed.

Scientifically speaking, there is a lot about the brain as a society we still don’t know. What years of science has shown us is damage to the brain whether one time or over time can be very dangerous to people. The issue of brain injuries has become mainstream. The National Football League (NFL) settled a huge class action with some former players on the issue. Now. there are issues being discussed about sports like soccer and hockey that can have some damaging effects on the brain. Leagues like the National Hockey League (NHL) and organizations like Federation Internationale de Football (FIFA) are dealing with complaints from activists and reports from the media about the damage some players may have or former players may have had when they played the sport. The settlement the NFL reached with its former players on the concussion issue shows a growing awareness of the problem. So trial lawyers are going to need the tips to properly litigate the brain injury cases and get advice from those plaintiffs’ attorneys that have litigated cases like them in the past.

Civil Lawsuits Are Dropping Across The Country

RD Legal Funding Logo

According to the Court Statistics Project, civil lawsuits are dropping across the country. The Illinois Trial Lawyer Association cited that statistic as well as another statistic  specifically focusing on the the drop of civil lawsuits in Illinois. The statistics are between the years 2010-2014. Some of the eye popping stats are tort cases dropping seven percent nationwide. Tort filings dropped 25 percent in the last decade. In Illinois, the number of civil cases dropped 33 percent between 2010 and 2014.

Civil lawsuits are ways the general public can remedy a wrong through the legal system. Class action lawsuits regarding pharmaceuticals, dangerous products, even the water we drink have all been improved by the actions some people take in court. It’s a bad sign if civil lawsuits are dropping because it could be mean people are not pursuing legal remedies for issues they are facing. But, there could be a lot of reasons why the lawsuits are dropping perhaps the cases are weak, the cost of litigation is too high, the plaintiffs have not found willing plaintiffs’ attorneys that are going to take the case. Whatever the situation, if this trend continues it could embolden defendants to do or continue bad actions because they know they will not suffer the consequences.

In addition to making a complaint public, civil lawsuits serve a purpose as part of the legal process to remedy a wrong and be compensated for suffering. They also serve as warnings to other companies engaged in similar actions that they may face the possibility of lawsuit. Civil lawsuits is a vital part of the legal ecosystem and for that system to work, it has to maintain its importance in that system.

Ohio Justice Association’s New Podcast Civilly Speaking

RD Legal Funding Logo

To date, the Ohio Justice Association (OJA) is the only one of the 50 state justice Associations to have its own podcast.The podcast titled Civilly Speaking focuses on topics that plaintiff attorneys and anyone involved on the plaintiff side of the law would be interested in. This is a new dynamic that may spawn a trend of podcasts for other justice associations to participate in. Podcasting is the new media phenomenon. Podcasts like Serial, Planet Money, Wait Wait Don’t Tell Me, are getting huge audiences to tune in to their programs. What’s more, the audience isn’t tied to a set time where they have to listen, they can simply listen at their own time. That’s the appeal of podcasting which the OJA appears to want to tap into.

According to OJA, each episode is 20 minutes or less and is perfect for the plaintiff attorney who has a little bit of downtime throughout their day. So far, there are only three episodes of Civilly Speaking. The topics discussed in those three episodes includes dealing with opposing counsel, defense medical exam doctors, and issues with cases about Employee Retirement Income Security Act (ERISA). Aside from the new podcast, OJA will be holding their annual convention in May. The topics important to trial lawyers are going to be discussed at the convention. Topics including worker’s compensation, medical malpractice, mass torts, and trucking litigation. The podcast maybe highlighted during the convention.

American Association for Justice’s Reports On Insurance Company Tactics For Denials & Non-Payments

RD Legal Funding Logo

The American Association for Justice released two reports about the tactics insurance will try to use to avoid paying their policyholders despite them paying premiums for in case bad situations occur or undercut policyholders on what should receive. The first report titled, Pattern of Greed 2007focused on the actions some insurance companies used during the aftermath of Hurricane Katrina against people who had claims because of the damage to their property. According to the report, Katrina caused an estimated $135 billion in damages. The damage left by the storm was shown worldwide and captured the attention of the world. The storm took place right after the Tsunami in Sri Lanka, where the world responded with supplies and personnel very quickly. Hurricane Katrina seemed to catch many government and emergency personnel off guard especially in New Orleans. After the immediate aftermath, the hard work of rebuilding was to begin and claims needed to be paid for that to commence. However, insurance companies started to push back and slow down the claims process. In the report, insurance companies are said to have “promoted” the flood damages angle and not wind damage because they wouldn’t be responsible for paying flood claims. In addition, the insurance companies would publish misleading statistics where they touted paying 90% of claims. Statistics which were disputed from government officials and policyholders. Some of the biggest companies in the insurance industry were named in the report. Companies like Nationwide, State Farm, and All State all had incidents where they denied policyholders what was owed to them.It is even claimed in the report some companies committed fraudulent actions to avoid paying their policyholders. The historical practices of the insurance companies is also mentioned in the report as well as their donations to different politicians.

The American Association for Justice’s second report was titled How Insurance Companies Deny, Delay, Confuse, and Refuse. That report was more of a general overview of how the industry avoids keeping their end of the bargain. Generally, people get insurance to protect their property against any foreseen or unforeseen disasters. It is pitched as a hedge because no one knows what damage a storm or the after effects of a storm will do property. Insurance is sold as a peace of mind for the policyholder. However, according to the report, insurance companies actively deny valid claims, discriminate over credit scores, delay payment, and confuse policyholders. In this report, AAJ published first account testimonials from people in these kinds of situations with insurance companies. To end the report, they offer advice to anyone with insurance: Know your policy, Fill out the forms carefully, Don’t cash premium refund checks, Put everything in writing, Contact  your state insurance department, and Don’t give up.

 

The New York Review of Books On Entrepreneurial Litigation: It’s Rise, Fall, And Future

court room

In 2015, the New York Review of Books (NYRB) reviewed John Coffee Jr.’s book Entrepreneurial Litigation: It’s Rise, Fall, and Future.  In his book, Coffee writes about the reality of lawyer financed, lawyer controlled and lawyer settled cases and the murky agenda some attorneys may have in pursuing those cases. He also touches on the topics of class actions and how they play a role in entrepreneurial litigation. The NYRB’s article focused on the effect class actions can have stopping corporate wrongdoing. That article written by Judge Jed S. Rakoff, of the Southern District of New York, broached on the history of class actions, the possibility of misconduct on the part of plaintiffs’ attorneys, the future of class actions, and the recent moves by Congress and the Supreme Court on the topic of class actions.

At the very outset of a plaintiffs’ attorney’s career, they know they will have to carry the reputation and financial burden alone on their shoulders. In addition to being lawyers, they are also entrepreneurs. The firm lives and dies by the skill of the plaintiffs’ attorney, the cases they take, and their financial standing. Whenever they take part in litigating big or high profile cases, their motives are questioned. Whether they are driven by fees, bringing justice to their client or gaining the stature associated with the litigation. One would assume its a mix of all three, but a plaintiffs’ attorney’s main job is to be a strong advocate for their client. They have to be skilled enough and knowledgeable enough to present their client’s case in court. Plaintiffs’ attorneys have to be able withstand the wherewithal to litigate these cases where delays are imminent and payment is delayed.

Mauritius Upholds Criteria For Enforcing Foreign Judgments

Mauritius Flag

Recently,Mauritius, a small country off the coast of Africa, reaffirmed their criteria for enforcing foreign judgments. The issue of foreign judgments can be tricky because there are a lot of factors that can play a role in that judgment and whether it will be enforced. That is why many countries have signed treaties where they agree to certain conditions on foreign judgments. In an article written by Gilbert Noel, a Partner at Appleby Global Group Services Limited, he states the benefits of Mauritius’ Supreme Court upholding the criteria. He says it give the business community confidence investing in Mauritius and keeps the country in line with international trends.

As the globalization trend continues across the world, people and companies who are doing business in different countries have to be aware of what can be done in the and legal system. Businesses and people need consistency and the ability to fix a problem should one arise through the court system. That is why investing in different countries isn’t as easy because what’s legal matters. When a foreign national or business runs into a problem where the legal system is needed, they need to know the steps that need to be taken. If they are successful in bringing a claim, they need to be able to enforce that judgment. For any foreign national or company that brings a legal matter in the legal system, it can be difficult enforcing that judgment. First, they are at a disadvantage because of they are dealing with a different kind of court system. Next, asset classification, publications, and seizure may be next to impossible. Third, the role of foreign policy can not be ignored. The relations between two countries can have an effect on how the citizens from those countries are treated. Lastly, it may also depend who the judgment is against. That person or company could be a highly respected in their country and it could be damaging for them to suffer such an indignity. So efforts might be made to protect them from such a fate.

However, Mauritius has made their criteria clear and what’s needed to enforce a foreign judgment. The country is a hub for business and thus its important for any foreign national or company who is doing business in the country as well as any who would like to what they are facing should they dive in.

Mauritius Criteria For Enforcing Foreign Judgments: 

(a) the judgment must still be valid and capable of execution in the country where it was delivered;

(b) it must not be contrary to any principle affecting public order;

(c) the defendant must have been regularly summoned to attend the proceedings; and

(d) the court which delivered the judgment must have had jurisdiction to deal with the matter submitted to it.

Photo Credit: Mauritius Grunge Flag by Nicolas Raymond

San Francisco Airport Prepares For Super Bowl 50

Super Bowl Pic

Super Bowl 50 is expected to be one of the biggest events to date. This year, the event will be held in San Francisco. As the city prepares itself for the mayhem that is to come with the Super Bowl, San Francisco International Airport was turned into a celebration of players of yesteryear. The Pro Football Hall of Fame contributed most of the items that are exhibited in the airport. The exhibit is titled The Nation’s Game, The NFL from the Pro Football Hall of Fame. People arriving, departing, or waiting for a connection in San Francisco International will be able to see the museum in Terminal 3, free of charge.

Once the announcement was made about San Francisco being the host of Super Bowl 50, the anticipation started building. The Super Bowl is arguably the biggest sports event in the United States. Every year, the event seems to get bigger. The Super Bowl is no longer just about the game, its about the hype, the lead up to the big game, the commercials, the musical performance, and then the game. This year’s Super Bowl will be taking place in San Francisco. As the time inches closer, stories will be written on the commercials, excitement from city residents and those traveling to attend. In addition, stories will be written about the players, coaches, personnel from both teams as they compete for the title of NFL Champions of 2016. There will also be stories about the players who paved the way for the athletes of today and the struggles they had to deal with. Those same players will be honored at some point during the events. Issues like player safety, concussions and the NFL Concussion settlement are sure to be discussed. So like previous Super Bowls, Super Bowl 50 will be the epicenter of entertainment for a period of time and Terminal 3 in San Francisco International Airport is leading the way.

Photo Credit: DJ Animal 

Litigation around Volkswagen Emissions Scandal Heating Up

Volkswagen

Things are looking grim for Volkswagen. As the drum beating continues for justice against Volkswagen, the New York Daily News reported Volkswagen received a $21 billion loan to help it pay for various fines, expenses like car repairs, and lawsuits that are sure to come with the ongoing “Dieselgate” scandal. In addition, the Wall Street Journal reported plaintiff attorneys are preparing their litigation strategy against the company are going to New Orleans to argue where the cases should be heard. Plaintiff and defense attorneys place importance on the venue where cases are heard and its quite normal for them to seek a venue they think will better serve their case. Some of the biggest law firms like Lieff, Cabraser, Heimann, & Bernstein, LLP, Seeger Weiss, LLP, even law firms that usually represent corporations like Boies, Schiller, & Flexner, LLP and Quinn, Emanuel, Urqhart & Sullivan, LLP have thrown their hats in the ring. Since its revelation, a huge spotlight has been placed on Volkswagen and it will stay on the company for quite some time.

“Dieselgate” is about Volkswagen’s diesel cars showing faulty emissions results for over nearly a decade. The Environmental Protection Agency discovered the issue and has taken the lead over the investigation. The EPA sets federal emission standards and Volkswagen’s diesel engines violated them. According to various news reports, the software in those vehicles that would analyze the emission levels would switch between two different operating modes. The system was able to detect when it was being tested and would show results where the emission levels were normal. However, while the car was moving the system would switch and higher levels of emissions would be spewed into the atmosphere. Some news reports claimed they were 40 times higher than the federal standard of emission levels. The big promotion about diesel engine cars were the better gas to miles they would get over regular cars. It was widely assumed they were better for the environment. So in addition to a faulty system, Volkswagen duped their customers who thought they were getting cars that were better for the environment and got good gas mileage. The publication Car and Driver released a list of cars that are affected by the scandal. They include:

  • 2009–2015 Volkswagen Jetta 2.0L TDI
  • 2009–2015 Audi Q7 3.0L V-6 TDI
  • 2009–2016 Volkswagen Touareg 3.0L V-6 TDI
  • 2010–2015 Volkswagen Golf 2.0L TDI
  • 2010–2015 Audi A3 2.0L TDI
  • 2012–2015 Volkswagen Beetle 2.0L TDI
  • 2012–2015 Volkswagen Passat 2.0L TDI
  • 2013–2016 Porsche Cayenne Diesel 3.0L V-6
  • 2014–2016 Audi A6 3.0L V-6 TDI
  • 2014–2016 Audi A7 3.0L V-6 TDI
  • 2014–2016 Audi A8/A8L 3.0L V-6 TDI
  • 2014–2016 Audi Q5 3.0L
  • 2013–2016 Volkswagen Touareg TDI
    2013–2015 Audi Q7 TDI
    2014–2016 Audi A6 TDI
    2014–2016 Audi A7 TDI
    2014–2016 Audi A8 and A8L TDI
    2014–2015 Audi Q5 TDI
    2014–2016 Porsche Cayenne Diesel
    2015 Volkswagen Jetta TDI
    2015 Volkswagen Golf TDI
    2015 Audi A3 TDI
    2015 Volkswagen Beetle TDI
    2015 Volkswagen Passat TDI

John Hopkins Hospital Settles A Class Action Lawsuit for $190 Million

RD Legal Funding Logo

The world famous John Hopkins Hospital settled a class action lawsuit for $190 million from about 8,000 women and girls who claim they were violated by a gynecologist employed by the hospital. Dr. Nikita Levy, the doctor who conducted the examinations, committed suicide before he could be questioned by the authorities. According to news reports, there were over 1,000 videos taken and over 100 images taken of the women during their examinations. Gynecological exams are very intimate and knowing someone has violated that privacy can cause irreparable harm to the women affected. Many of the women claim they have since been traumatized because of the actions of the doctor.

The hospital will not have to pay the settlement because the hospital’s insurance policy will pay. Although 8,000 women and girls were part of the class action lawsuit, the Press-Herald reported Levy saw close to 13,000 patients. This is a huge blemish on the hospital’s record. Hospitals are prone to litigation because of the sensitive information they deal with and the medical procedures they conduct. Like any business, they are responsible for their employees actions. None more so than the doctors and nurses who work for them. Many tort reform advocates claim the litigation drives up the medical malpractice insurance which in turns drives the cost for doctors, surgeons, and hospitals. Incidents like the one at John Hopkins Hospital are why its important for people to push for litigation and assert their rights in court. While the price of justice is high, its important for any and all victims of any crime to seek compensation from those entities that are liable.