Courtroom

In New York, some of the nation’s largest insurance companies are intensifying their critiques of litigation finance companies, despite the fact that many in the industry provide similar products to plaintiffs. Major insurers attribute their rising costs to outside funders who work alongside plaintiffs’ attorneys in significant tort cases—ranging from those involving talc and opioids to the herbicide Roundup. These companies claim that such financing inundates courts with lawsuits and escalates insurance premiums. Following a halt in Congressional efforts to implement a 40% tax on litigation funders, these insurers indicate they will continue to advocate … Read more