3rd Circ. OKs Litigation Funding Agreement in Legal Mal Suit Against Reed Smith
Finding that the arrangement did not run afoul of New York usury laws, the Third Circuit has ruled that a litigation funder is entitled to a chunk of the proceeds from a plaintiff's settlement of a legal malpractice lawsuit against Reed Smith.
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Finding that the arrangement did not run afoul of New York usury laws, the U.S. Court of Appeals for the Third Circuit has ruled that a litigation funder is entitled to a chunk of the proceeds from a plaintiff’s settlement of a legal malpractice lawsuit against Reed Smith.
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Zack Needles is Global Managing Editor, Regional Brands at ALM. He is also the Managing Editor of The Legal Intelligencer, Pennsylvania Law Weekly, Delaware Business Court Insider and Delaware Law Weekly. Contact him at 215-557-2373 or firstname.lastname@example.org. On Twitter: @ZackNeedlesTLI.
"At my firm, and with clients, I teach Marginal Gains as a helpful way of detecting process flaws and correcting them. Greatly summarized, this means unpacking the process, examining each aspect of it, evaluating these findings, and then making corrections."
The New Jersey Supreme Court on Monday delivered what appears to be largely good news to furniture companies defending federal consumer class actions, holding that actual harm is needed to make out claims under the New Jersey Truth-in-Consumer Contract, Warranty and Notice Act.
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