In the News Today - June 29, 2018

June 29, 2018

Third Party Litigation Funders Face “Major Hurdles” in Market: Despite the growing amount of cash and claims of great demand, third party litigation funding firms still face “major hurdles” when it comes to winning contracts with major law firms. Issues like the cost of capital and the lengthy negotiation process may pose problems for third party funders looking to sign big deals. (American Lawyer)

Securities and Exchange Commission May Rein In Excessive Whistleblower Awards: Yesterday, the Securities and Exchange Commission voted to propose a limit to the amount of money whistleblowers can win in enforcement actions and lawsuits. The proposed rule comes after an $83 million award to three whistleblowers in March, which the commission said raised concerns that the awards may be getting “too large.” (MarketWatch)