Tort

Gramercy Celebrates Strong Returns as Mass Tort Firm Rueb Stoller Daniel Successfully Refinances $85 Million Loan

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Greenwich, Connecticut — Investment manager Gramercy has delivered promising returns to its investors following the successful refinancing of a substantial loan to a mass tort law firm. This development stands out as a rare positive amid a downturn in mass tort revenues. The law firm Rueb Stoller Daniel effectively managed to refinance its $85 million loan from Gramercy, a move made possible by the settlement of cases that exceeded the loan balance by 135 percent. This information was shared with Gramercy’s investors in a letter dated April 11, which has been seen by sources in … Read more

Texas Law Firm Secures Bankruptcy Deal, Selling 6,000 Tort Cases to Satisfy Funders

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AUSTIN, Texas — A Texas law firm is poised to transfer approximately 6,000 tort cases as part of a bankruptcy arrangement aimed at repaying its financial backers. This significant move highlights the firm’s struggle to balance its obligations amid growing debts. The law firm, grappling with financial turmoil, has reached an agreement to offload these cases, which are estimated to involve substantial liability claims. This decision is seen as a necessary step to address the financial challenges that have accumulated over recent years. Under the current plan, the cases will be sold to fulfill the … Read more

Angeion Group Welcomes Industry Veteran Eric Schachter as New EVP to Enhance Class Action and Mass Tort Services

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MINNEAPOLIS — The Angeion Group has appointed Eric Schachter as Executive Vice President of Class Action and Mass Tort Services, enhancing its leadership team as the company continues to expand its innovative legal administration offerings. With over 25 years of experience in settlement administration, Schachter’s expertise is expected to significantly contribute to the firm’s operational excellence and client satisfaction. Schachter brings extensive industry know-how to his new role, having been involved in numerous high-stakes class action settlements that often totaled hundreds of millions of dollars. His track record includes managing complex cases across various fields, … Read more

"Navigating the Mass Tort Landscape: Key Strategies for Attorneys to Thrive in Emerging Cases"

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At the MTMP Spring 2025 conference, legal professionals gathered to explore pivotal strategies for assessing new opportunities in mass tort litigation. A key session, titled “Know When to Stay or Walk Away: Strategies to Evaluate a New and Emerging Mass Tort,” focused on essential decision-making processes for attorneys contemplating involvement in this complex area of law. Sara Papantonio, an attorney with Levin Papantonio Rafferty, led the discussion by outlining the three levels of participation in mass torts: passive, referral, and active. Each level presents unique risks and responsibilities. Papantonio described passive involvement as engaging in … Read more