GlobalTort

GlobalTort

The Intersection Among Torts, Science, Corporate Law, Insurance & Bankruptcy

Category Archives: Private Funds and Trusts

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Lawsuit Challenges Arizona’s Diversion of Mortgage Fraud Settlement Money into Its General Fund

Posted in Private Funds and Trusts
Trust fund settlements are a growing part of the litigation industry. How well they work is another issue.  Public interest groups in Arizona say that a mortgage-fraud trust fund settlement is being abused by the state to divert $ 50 million into the state’s general revenues. Indeed, the groups have filed a lawsuit and the… Continue Reading

Tort Resolution Trusts – How to Plan the Intersections Between Trusts and the Tort System, plus Message Issue – Lessons from the BP Fund

Posted in Private Funds and Trusts
The BP fund has brought tort resolution trusts far more into the public eye. This new article from David Bario at the NLJ highlights some of the issues involved in creating an interesection between trust claims and tort system claims. As to BP, some of those issues arise from the assertion of claims against Transocean. The… Continue Reading

Chapter 11 Watch for BP – States Preparing Massive Claims Against BP

Posted in Private Funds and Trusts
The chapter 11 watch goes on for BP. Yesterday’s Wall Street Journal included an informative article regarding  states preparing claims against BP. The artticle indicates massive claims ahead, and that even Atlantic Coast states are considering claims. The article also reflects differing approaches to the choice of counsel to pursue claims. The article also says the claims… Continue Reading