A Closer Look at Litigation Funding and the "Loser Pays" Model

Among the reasons frequently cited for the higher incidence of litigation in the United States compared to the rest of the world is the acceptability of contingent fees for plaintiffs' counsel and general rules that each party to a lawsuit in the U.S. bears its own costs. Many other countries...

Plaintiff’s Counsel: $2.46 Billion Judgment in Fraud Suit Is Record

CHICAGO — (Mealey’s) A federal judge in Illinois on Oct. 17 entered a $2.46 billion judgment — the largest judgment following a securities class action trial, according to the lead plaintiff’s counsel — against Household International Inc. (now HSBC Finance Corp.) and three...