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...However, the new rules are likely to principally benefit profit-seeking plaintiff law firms and litigation-funding companies,” he said....
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...The energy division also encompasses HomeServices of America, a real estate brokerage enmeshed in its own litigation....
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...Between 2011 and 2015, HMRC invited employers to resolve any liabilities related to such trusts through negotiation rather than litigation. In 2015, the DV4 Trust entered the settlement programme....
...He says the litigation is, on a risk scale of 1-10, an eight, whereas other tech litigation in recent decades was a two or three....
...If the cases fail, it will take the hit for the plaintiffs’ legal expenses (it takes out insurance to cover any claims by the defendants in “common law” countries)....
...The gains were fuelled by its insurance unit, which reported strong underwriting profits of $2.4bn, offsetting weakness at BNSF and reserves for losses tied to wildfire litigation against its utility....
...Some looked only to the residence of the plaintiff, and others viewed the situation more holistically....
...“They’re plaintiff’s lawyers interested in making money as plaintiff’s lawyers,” says Estrich....
...Serious litigation could result in a settlement that leaves alleged victims as shareholders in Hawaiian Electric....
...In January an appeals court shot down the company’s attempt to use a strategy called the “Texas two-step”, whereby it had set aside $2bn in a trust to compensate claimants....
...This can easily lead to conflict rather than trust and co-operation....
...“Insurance and grain futures were once distrusted concepts that evolved into the important risk-management tools we know today....
...Unlike a class action, in which multiple plaintiffs join a single lawsuit, each plaintiff in a mass tort is treated as an individual....
...Bryan Aylstock of Aylstock Witkin Kreis & Overholtz, the lead plaintiffs’ counsel in the earplug litigation, said plaintiffs would argue that the bankruptcy court should deny 3M’s petition, accusing the...
...At the same time, a trust would be created with $550mn of cash to compensate opioid sufferers over the next decade. This deal is only an opening bid....
...AEL has been unique in that its chief executive, Anant Bhalla, has built a private equity model within a publicly traded life insurance company....
...Usually a trust fund is created to compensate current and future victims of an alleged wrongdoing. Aearo had been a part of another mass tort resolution mechanism called “multidistrict litigation”....
...I support a social insurance system for social care, and wrote a report in 2020 about how I think social care could be “fixed”....
...The growing risk to the corporate world has not escaped the notice of authorities: in May, the Bank of England warned that litigation could affect “the cost and availability” of directors’ liability insurance...
...The disclosures follow a shareholder proposal filed at JPMorgan by Boston Trust Walden....
...But one disappointment, the 2020 acquisition of health insurance company Multiplan by his third Spac, has attracted a shareholder lawsuit that several industry observers believe may shake up the Spac industry...
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