Collective

Judge Orders Martin Shkreli to Surrender Copies of Exclusive Wu-Tang Clan Album Amid Legal Battle with Crypto Collective

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NEW YORK — Martin Shkreli, the controversial former pharmaceutical executive infamous for drastically raising the price of a vital medication, has been directed by a federal court to surrender all copies of the unique Wu-Tang Clan album “Once Upon a Time in Shaolin” by the end of the week. The court’s mandate comes as part of a broader legal challenge involving a breach of agreement over the album’s exclusivity. Judge Pamela K. Chen of Brooklyn ruled that Shkreli must disclose the whereabouts of all copies of the album, sometimes described as the world’s most exclusive … Read more

EU Collective Redress Directive Set to Revolutionize Class Actions and Boost Consumer Power in Litigation

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Brussels, Belgium — A new directive within the European Union is set to revolutionize the legal framework across its member states, introducing widespread access to collective redress mechanisms that enable consumers to file class actions and pursue claims against businesses. This Collective Redress Directive complements other significant updates aimed at adapting to the digital era, including revisions to the Product Liability Directive and forthcoming regulations under the AI Liability Directive. As these new policies roll out, the EU anticipates a reshaping of liability standards, significantly impacting how businesses operate and manage risk within and beyond … Read more

Exploring the Path to Resolving Mass Torts: A Look into Collective Settlements

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London, UK – Resolving mass torts has become a pressing issue for commercial litigators in both the UK and the US. Whether it involves personal injury cases or the mis-selling of financial products, the question of how to reach a resolution affects various legal specialisms and intersects with numerous business sectors. Settlements can occur at any stage of the proceedings, offering advantages for both claimants and defendants. In the US, where processes for resolving mass torts are more advanced, court approval of class action settlements is required. The court’s role is to assess whether the … Read more