Mass

Unlocking Solutions: How Loss Portfolio Transfers Could Revolutionize Mass Tort Cases

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NEW YORK (AP) — Loss portfolio transfers have emerged as a creative tool for organizations and insurers to manage large risk pools and resolve liabilities in a fair and efficient manner. These reinsurance contracts involve ceding legacy liabilities to a reinsurer, who assumes and accepts the current and future claim liabilities. In exchange, the ceding entity agrees to pay the reinsurer for the reserves. While loss portfolio transfers are not yet common in mass tort litigation, a growing number of insurers and self-insured defendants are exploring this option to address their liabilities. One example of … Read more

Attorney’s Wild Closing Argument Compares Oxford Mass Shooting to Children’s Kitchen Knife Scenarios

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Pontiac, Michigan – In a landmark case, Jennifer Crumbley’s attorney delivered a passionate closing argument on Friday, comparing the Oxford mass shooting to hypothetical scenarios of children killing people with kitchen knives. Attorney Shannon Smith made the argument to the jury for over an hour, drawing connections between Crumbley’s home life and her own experiences. She humanized her client, acknowledging that she too, as a lawyer, can become confused when faced with new information. The wide-ranging closing argument also touched on the charge of involuntary manslaughter against Crumbley. Smith drew a parallel between Crumbley potentially … Read more

Unveiling Emerging Trends in Products Liability and Mass Torts: What You Need to Know

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New York City, NY – As 2024 approaches, legal practitioners and industry experts are keeping a close eye on the anticipated trends in products liability and mass torts. These areas of law involve cases where individuals have suffered harm or injury due to defective products or the negligence of multiple parties. A thorough examination of past cases enables lawyers and clients to anticipate what lies ahead and adequately prepare for the legal challenges that may arise. One notable trend to watch for is the increasing number of class-action lawsuits in product liability and mass torts … Read more

Defense Lawyers and Drugmakers Advocate for Strengthening Mass Tort Rule in US Judiciary – Urging Fairness and Accountability

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NEW YORK, NY – Defense lawyers and drug manufacturers are pushing for stricter guidelines on mass tort litigation, urging the U.S. judiciary to fortify the existing rules. These requests come as some defendants argue that current regulations lack clarity and allow for excessive litigation. Critics of the current system claim that it encourages dubious claims and adds to the burden on the courts, while proponents of the current framework argue that it allows for fair compensation for victims harmed by dangerous drugs. Mass tort litigation refers to a legal process where numerous plaintiffs file individual … Read more