Year in Review: 2016 Cases Will Not Hinder Litigation Funding
Law.com published an article written by Bentham IMF Legal Counsel, John Harabedian, regarding the assortment of notable legal decisions relating to litigation funding that were handed down in 2016. While many of the decisions sparked discussion about whether courts were systematically tightening their grip on the industry, closer examination reveals the cases are unlikely to impact the growth and sustainability of litigation funding. John’s article explains how the following cases are nothing more than a series of outliers:
- Gbarabe v. Chevron, No. 14-cv-00173, 2016 WL 4154849 (N.D. Cal. Aug. 5, 2016)
- Judy v. Preferred Communication Systems, Consol. C.A. No. 4662-VCL
- WFIC v. Labarre, 2016 WL 4769436 (Pa. Super. Sept. 13, 2016)
- Justinian Capital SPC v. WestLB AG, 2016 N.Y. Slip Op. 07047, — N.E.3d — (Oct. 27, 2016)
He concludes with a prediction that 2017 should be much less eventful on the litigation funding legal decision front.