Another part of the complexity of asbestos litigation lies in the efforts of some to shut down former makers of asbestos containing products, and the work of lawyers and other professionals in those efforts.  A current example arises from a case now on appeal to the Wisconsin Supreme Court. The intermediate appellate opinion in

Uber banks in Europe (e.g. HSBC) are under increasing scrutiny for creating or aiding and abetting various forms of tax fraud and other financial frauds.  As one result, the litigation industry will continue to grow and thrive.  Another result is increasing use of the term “legacy liability” with respect to financial houses. For example, consider

Too often in litigation, unfair things are happening, but it’s difficult to get one judge in one case to pay serious attention because the judge can not and does not see the big picture from one particular case. MDLs and consolidations can help/force one judge to see the big picture. For example, last week, I

Fraud, fraud, fraud. Some days one would think the “f” word is the only word known to some in the insurance industry, and some of their friends. Certainly they’ve used the word a lot in demanding transparency in asbestos trust claiming related to torts. As to transparency in asbestos trust claiming, I whole heartedly agree

In the United States, LIBOR cases are going through endless "Twiqbal" motions. In the UK, on the other hand, LIBOR cases are being set for trial. And, over there, some are attacking the defenses of the banks (e.g. everybody knew LIBOR was rigged) by pointing to bank CEO’s denying knowledge of the rigging. That point-counterpoint highlights

The litigation industry’s newest player is now  in the game. Capital One has just accepted an order from the The Consumer Financial Protection Bureau to pay $ 210 million in fines and refunds for fraudulent practices in connection with its credit card business. The violations center around fraudulent practices in connection with sales of useless "insurance" for