In the News Today - May 21, 2018

May 21, 2018

Private Equity Firms and Hedge Funds “Found a New Way to Get Richer” By Funding Lawsuits: Investment funds have “become a rich source of cash for lawyers to acquire cases, buy advertising, recruit clients and underwrite litigation expenses” and can win litigation funders “up to six times their initial investments.” Questions have been raised over the role these funders play in litigation. A Houston-area personal injury attorney said he backed away from a litigation funding offer because he was worried it would influence his legal decisions. (Houston Chronicle)

“Recent Developments Have Let the Air Out of Slack Fill Lawsuits”: Attorneys at Eversheds Sutherland said recent decisions and legislative activity suggest the “viability” of the growing amount of slack fill litigation against food and beverage manufacturers “may be short lived.” Almost 300 slack fill claims were filed between 2016 and 2017. (New York Law Journal)