Industry

Rep. Comer Calls on Chief Justice Roberts to Enforce Transparency in the $15 Billion Litigation Finance Industry

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Washington, D.C. – The debate around the transparency of litigation finance has reached a new peak as Representative James Comer (R-Ky.), head of the House Committee on Oversight and Accountability, recently called on Chief Justice John Roberts to intervene. Comer’s request urges the Judicial Conference to consider instituting rules for the mandatory disclosure of external funding in federal lawsuits, citing concerns over potential conflicts of interest and the influence of foreign investments. Rep. Comer expressed concerns that understanding the specifics of litigation funding – including the sources and financial terms – is crucial for informed … Read more

Jury Awards Half-Billion in Landmark Truck Safety Case as Industry Faces Soaring Insurance and Litigation Costs

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In a landmark decision that has sent ripples throughout the trucking industry, a jury has granted nearly half a billion dollars in total damages to plaintiffs following a fatal accident in 2019. The verdict targeted the manufacturer of a 2004 Wabash dry van trailer, claiming its rear impact guard was faulty, despite meeting safety regulations at the time of production. This decision did not include potential key factors such as the Volkswagen driver’s legal intoxication and both occupants’ failure to wear seat belts, as the case was centered solely around product liability. Earlier this year, … Read more

Judge Halts High-Profile Merger Between Tapestry and Capri, Shaking Up the Fashion Industry

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A federal judge has recently halted a significant merger in the fashion world, ruling against the proposed union of Tapestry Inc., owner of Coach and Kate Spade, and Capri Holdings Limited, known for its Michael Kors, Versace, and Jimmy Choo brands. This decision underscores growing judicial scrutiny on large corporate amalgamations, particularly in industries impacting day-to-day consumer choices. The injunction, issued from a court in New York, emerged amid concerns that the merger would significantly stifle competition in the luxury fashion sector, possibly leading to higher prices and fewer choices for consumers. The legal blockade … Read more

$19 Million Verdict Shakes Insurance Industry: Jury Sides with Jet Owner Against Starr Indemnity in High-Profile Seizure Case

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Santa Barbara, CA — The owner of a jet, Passport 420, has been awarded a $19 million judgment against Starr Indemnity & Liability Company. The insurer had denied a claim after the jet was seized, arguing that one of its owners, attorney Michael Avenatti, purchased his share using stolen funds. The jet in question, a HondaJet HA-420, was seized in 2019 at the Santa Barbara Airport. This followed the indictment of Avenatti, who is currently serving a 14-year sentence in federal prison for pilfering settlement monies from his clients, funds which were used among other … Read more