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Judge Overseeing Consolidated Opioid Litigation Wants Litigation Funding Information

Judge Overseeing Consolidated Opioid Litigation Wants Litigation Funding Information

The judge overseeing the multi-district litigation claims involving the opioid epidemic has ordered plaintiffs’ attorneys to disclose whether they have entered into any litigation funding agreements. U.S. District Court Judge Dan Polster, of the U.S. District Court for the Northern District of Ohio, is overseeing several hundred consolidated lawsuits where many government entities – including states and cities – have sought recovery from drugmakers and distributors for the costs of dealing with opioid addiction.  Plaintiffs have claimed that the pharmaceutical…

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Wall Street Journal Says Court Rules Are Starting to Bring Litigation Funders Out from Under a ‘Veil of Secrecy’

Wall Street Journal Says Court Rules Are Starting to Bring Litigation Funders Out from Under a ‘Veil of Secrecy’

“Investors placing bets on commercial lawsuits have long operated under a veil of secrecy.  But as litigation funding in the U.S. has spread to more courthouses and transformed into a billion-dollar business, plaintiffs and their faceless financiers are confronting calls for more transparency.” So begins a news article, “Lawsuit Funding, Long Hidden In The Shadows, Faces Calls For More Sunlight“, that the Wall Street Journal published last week. The article points out that “the arm of the federal judiciary that…

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