Litigation Funding. Litigation Industry

Yesterday’s Sunday NYT included this front page article by Binyamin Appelbaum. The article  presents the latest chapter in an ongoing series on litigation funding. This article focuses on litigation funding in divorce cases.

A sidebar note explains:

"Articles in this series — which is a collaboration between the Center for Public Integrity, a nonprofit journalism group in

Here is the first article in a promised series on litigation funding. A note at the end of the article states:

 "This project was initiated by the Center for Public Integrity, a nonprofit investigative news organization in Washington. It is based on reporting by Ben Hallman of the center and Binyamin Appelbaum of The Times, and

It’s not quite the rock star niche Dr. Hook described when he sang about the status achieved from appearing on the cover of Rolling Stone, but litigation funders Selvyn Seidel and Rick Fields did make the cover of American Lawyers’ supplement magazine, Litigation 2010.  The related article is titled “London Calling,” a

 New York Times ran this interesting article by David Kocienewski on litigation funders moving towards buying interests in IRS whistle blower cases. One litigation funder sees this as a growing market. 

"David Desser, whose capital management firm specializes in litigation finance, said the market was likely to expand once the I.R.S. awarded its first whistle-blower

Courtesy of a friend in Australia, note this  Sydney Morning Herald article  by Adele Ferguson and Michael West on huge new billion dollar class actions against banks in Australia. The class actions arise from excessive bank fees. Litigation  funder IMF Australia, mentioned yesterday in this post,  is once again said to be squarely behind the litigation

D & O Diary reports on and links to a new NERA study of the rapidly increasing rate of securities class actions in Australia. Of note, a major factor is said to be litigation funding provided by IMF (Australia) Ltd. The IMF firm is contributing one of several excellent speakers at a May 20 and 21 RAND

Following up on the same kind of conference last May, RAND’s Institute for Civil Justice is hosting another great looking seminar with experienced and smart people talking about litigation funding.  The agenda is here;  some excerpts are set out below. It will be interesting to see what new research RAND is going to issue, as is mentioned

At a recent asbestos litigation conference, one of the speakers reminded everyone of the old maxim to  " be careful what you wish for"  in litigation. In that vein, consider the current US legislative battles about the Iqbal/Twombly pleading standard that makes it materially harder for plaintiff’s to allege a complain that withstands a motion