Big Law Is Questioning the ‘Magical Thinking’ of AI as Savior
The AI hype cycle has crested, or at least the stock market seemed to have thought so this week. A change in sentiment is also filtering through the legal industry.
Litigation Finance
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Omni Bridgeway Can Move Apple Subpoena Fight Out of Delaware
Litigation funder Omni Bridgeway scored a small win in its battle with Apple Inc. over whether the funder should be forced to turn over documents in the patent suit the tech giant believes it is funding.
Chamber of Commerce’s Wins Offer Playbook on Rule Challenges
Picking the right court has never been more key to challenging agency rules, thanks to a pair of Supreme Court rulings. For a preview of how a forum shopping strategy will play out post-Loper Bright and Corner Post, the US Chamber of Commerce’s shift to Texas from the D.C. Circuit is instructive.
Litigation Finance Rules Won’t Apply to Many Cases (Podcast)
Bloomberg Law reporter Emily Siegel says most litigation financiers get involved in mass torts, not in cases where the defendants are individuals or small businesses. Siegel joins our podcast, On The Merits, along with her colleague Beth Wang, who’s reporting on new proposed rules in New York that would regulate litigation finance disclosures. Wang says these rules are so narrowly tailored they would only apply in a very small number of situations.
Third-Party Funding for Litigation Faces States’ Scrutiny
Some states are moving to increase transparency over who is financially backing lawsuits as legislators weigh the growth of third-party litigation funding.
Businesses Are Addressing Gaps by Adding Lawyers to Their Boards
Columnist Rob Chesnut says you can learn a lot about what a company values, and what it sees as areas of medium and long-term focus by watching their board appointments.
Senate Passes Bill to Create 66 New Trial Court Judge Seats
The Senate unanimously passed legislation Thursday to create dozens of additional judgeships on federal district courts across the US, in a rare moment of bipartisanship over an issue once mired in political gridlock.
US Court Staff Filed 17 Complaints Against Judges, Watchdog Says
Judiciary employees filed 17 complaints against federal judges from fiscal 2020 through 2022, a federal watchdog found in a report examining the judicial branch’s efforts to address workplace misconduct.
Billionaire’s Estate Forfeits Thousands to End UK Sanctions Case
Russian billionaire
Money Behind Patent Suits Gets New Layer With Insurance Products
The insurance industry wants a piece of patent fights, already a popular target for outside investors.
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