MultiBillionDollar

Shi Libin Leads Milestone in Global Finance: Spearheads Multibillion-Dollar Bond Offerings and Market Transformations

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Beijing, China — Shi Libin, a prominent legal advisor in cross-border capital market transactions, boasts a rich track record of orchestrating significant deals involving offshore eurobonds, equity-linked securities, and ESG-themed bonds. With a portfolio that spans over hundreds of offshore bond transactions, Shi’s expertise is widely recognized in the financial sector. Previously associated with Linklaters, Shi played a crucial role in several groundbreaking transactions, such as the treasury bonds issued by China’s Ministry of Finance and local government bonds from the Guangdong Provincial Department of Finance and the Shenzhen Municipal Finance Bureau. These transactions were … Read more

Fortress Investment Group Dominates Litigation Funding Sector, Handling Multibillion-Dollar Cases with Tactical Precision

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New York — Fortress Investment Group has risen to the summit of the controversial and secretive litigation funding industry, not just through its substantial financial resources but also through its keen operational strategies. With approximately $6.6 billion allocated to legal assets, Fortress supports law firms engaged in significant lawsuits, including the Roundup cases against Bayer AG and talcum powder litigation against Johnson & Johnson. Additionally, it has committed $2.9 billion to intellectual property, making it the largest institutional investor in patents globally. The firm is recognized for its aggressive approach, particularly in intellectual property where … Read more

Jury Deliberates Multibillion-Dollar Claim in Landmark Preterm Infant Formula Lawsuit Against Top Manufacturers

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A jury in Wilmington, Delaware, is currently deliberating over a substantial lawsuit in which families are seeking over $6 billion from Abbott Laboratories and Reckitt Benckiser’s Mead Johnson. The lawsuit alleges that the companies failed to provide adequate warnings about the potential risks associated with consuming their cow’s milk-based infant formula for premature babies. The legal dispute centers around claims that ingesting these formulas can lead to a serious gastrointestinal disease known as necrotizing enterocolitis (NEC), which particularly affects preterm or otherwise medically vulnerable infants. NEC can cause severe intestinal damage and is potentially lethal. … Read more

Wall Street’s New Bet: Private Equity Dollars Fueling Multibillion-Dollar Toxic Tort Legal Battles

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NEW YORK — Private equity funds are quietly powering some of the most headline-grabbing legal battles in the U.S., trading the familiar turf of Wall Street for risky but potentially lucrative courtroom confrontations. Amid increasingly complex and drawn-out lawsuits involving toxic torts, these investment firms are stepping in to fund costly litigation, betting on huge settlements and court awards. Toxic tort cases, covering damages from substances like asbestos and controversial drugs, can span decades and accrue millions in expenses. Plaintiffs’ attorneys traditionally bear these upfront costs, not receiving payment until a case concludes successfully. This … Read more