Third-party litigation financing can lead to conflicts of interests and prolong litigation, Gerald Skoning warns in the Wall Street Journal. “As more money pours in, our insanely litigious society grows ever more so,” he writes.
On Thursday, the Alabama Senate passed a bill that would cap the interest rates on lawsuit loans at 10 percent and require lenders to obtain state licenses. AL.com
A judge dismissed a vaginal mesh lawsuit against Johnson & Johnson, the first of 12,000 claims to go to trial. Bloomberg
The SEC filed an amicus brief saying that whistleblowers who report alleged wrongdoing to corporate compliance programs are entitled to the same protections as those who report directly to SEC. WSJ Risk & Compliance Journal