Industry

The Surprising Impact of Mass Tort Lawsuit Advertisements on the Insurance Industry

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Boston, Massachusetts – When mass tort lawsuit advertisements appear on TV screens, many consumers are quick to change the channel. However, according to Rustin Silverstein, president and founder of legal services company X Ante, it may be unwise to ignore these ads, particularly for those in the insurance industry. Silverstein believes that the surge in attorney advertising promoting mass tort lawsuits requires attention. In a recent webinar hosted by the Travelers Institute, Silverstein revealed that lawyers and others spent an estimated $1.2 billion on TV ads last year. More than 16 million advertisements ran in … Read more

Uber Agrees to $272 Million Settlement Over Disruption of Australian Taxi and Hire-Car Industry

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MELBOURNE, Australia – Uber has agreed to pay a settlement of nearly $272 million to compensate taxi and hire-car drivers in Australia who suffered financial losses when the rideshare company aggressively entered the market. The class-action lawsuit, which was set to go to trial at the supreme court of Victoria, was canceled after Uber reached the $271.8 million settlement. This is now the fifth-largest class-action settlement in the history of Australia. Over 8,000 taxi and hire-car owners and drivers were represented by Maurice Blackburn Lawyers in the legal battle that spanned five arduous years. The … Read more

Former Attorney Trades Legal Briefs for Cannabis Dreams: Building a Successful Career in the Booming Cannabis Industry

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Boston, Massachusetts – Blake M. Mensing, a former attorney based in Holliston, made a bold career move after Massachusetts voters legalized recreational marijuana in 2016. Inspired by the ballot initiative, Mensing decided to leave the practice of law and venture into the cannabis industry. He had been working tirelessly to establish a successful legal practice advising clients in the cannabis industry. However, the passage of Question 4 prompted him to pursue his dream in a different capacity. Mensing took a significant leap towards realizing his aspirations when his Boston firm, The Mensing Group, closed its … Read more

Australian Court Delivers Landmark Decision in Favor of Crypto Industry, Dismissing Regulatory Case Against Finder Wallet

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SYDNEY, Australia – In a significant victory for the crypto industry, an Australian Federal Court has made a “landmark” judgment that dismissed a case brought by the country’s market regulator against Finder Wallet. The case alleged that the Finder Earn product offering violated the Corporations Act by operating as a financial services business without the necessary license. However, the court ruled in favor of Finder Wallet, stating that the Australian Securities and Investment Commission (ASIC) failed to prove that the product was a debenture. As a result, ASIC has been ordered to pay the defendant’s … Read more