Mass Tort Mayhem: Companies Confront Surge of Dubious Claims with Bankruptcy Strategies

In the increasingly complex landscape of American civil litigation, a surge in mass tort claims has ushered in a contentious era where questionable lawsuits are multiplying against businesses, particularly those in the pharmaceutical, medical device, and consumer product sectors. This escalation is partly fueled by substantial financial investment from Wall Street, which eagerly backs these suits anticipating lucrative payouts from substantial settlements. Legal analysts note that a growing practice among plaintiffs’ attorneys is to generate an overwhelming number of claims, some of dubious validity, to pressure companies into settling en masse. This strategy relies heavily … Read more

Mass Tort Mayhem: High-Stakes Litigation Battles and the Looming Crisis in Legal Financing

In the complex world of litigation finance, mass tort lawyers and their investors face increasing pressure as hefty legal battles drag on longer than anticipated, delaying substantial payouts from cases like those involving Johnson & Johnson’s talc products and Bayer’s pesticide, Roundup. Many of these highly-publicized cases have yet to show signs of nearing resolution, despite having been active for nearly a decade. Law firms specializing in mass torts typically rely on high-interest, external funding to cover upfront costs, working on a contingency basis where payment is contingent upon the successful settlement of cases. With … Read more