In the News

September 20, 2013

As part of its $920 million settlement with US and UK regulators, JP Morgan has agreed to an admission of wrongdoing in the “London Whale” case. Legal scholars say it was crafted in such a way to minimize exposure to class action litigation, admitting to sloppy bookkeeping as opposed to intentionally issuing misleading statements.  WSJ.com Law Blog ($)

An $8 million verdict handed down in Florida is the largest award against a cigarette manufacturer for asbestos-related disease.  Daily Business Review

The UK High Court has allowed a litigation funder to terminate a funding agreement after it decided the case had a less than a 60% chance of succeeding. Outlaw.com