My latest read is World War 3.0. It covers the U.S v. Microsoft antitrust case. If you do not believe depositions are critical to cases take a read. Bill Gates’ deposition is a major factor in the case and trial. Depositions are critical in today’s litigation environment and adequate preparation for them is paramount.
I still have “The Effective Depositon” from NITA class I took in law school 24 years ago!
They didn't title it Word War I ?
Litigation financing remains a concern that distorts the outcome of litigation. As this article proves, most of it does not benefit the plaintiff but the lawyers. Plus, the massive interest on these loan certainly does not benefit the client. In mass tort cases I doubt the individual claimants even understand how this impacts recovery for them. This is why litigation finance should be part of initial disclosures.
Mass tort litigation has become a booming industry, with billions of dollars at stake for plaintiffs, lawyers, and investors. The litigation finance industry has taken notice, pouring money into these lawsuits attracted by the potential of high returns. In 2023, litigation funders funneled nearly $17 billion into lawsuits like the Camp Lejuene and 3M earplug cases. These suits are driven by extensive digital advertising campaigns to identify potential claimants. For law firms bringing these cases, this can lead to massive paydays. Lawyers typically take 20-40% if they’re successful, and that can amount to billions of dollars in high-profile cases. Learn more in the full version of this video featuring Emily Siegel, Linda Mullenix, and Rustin Silverstein: https://lnkd.in/ehV9Pr-U
Miami continues to develop as a financial hub for the US, and insurance is an important part of that trend.
Very good op-ed in the WSJ. Worth a read.
On Sunday, The Wall Street Journal published, “A Politically Made Insurance Panic,” a compelling editorial that sheds light on the myriad factors driving insurance costs. It’s no secret that homeowners and auto insurance costs have risen. But “the actual culprit is a bad storm of inflation, litigation abuse and government-made dysfunctions, which have been exacerbated by a string of bad weather,” writes WSJ Opinion. Don’t miss this important read: https://lnkd.in/eUW_5ziN
Great Markel outside panel counsel meeting this morning. Great to see old friends and meet some new ones. We also enjoyed hearing from leadership at Travelers as well. #DRI #Nashville
This is welcome news and proof that tort reform can work to level the litigation field. Florida remains a tough state for litigation but it seems to be getting much better.
Once notorious for its exorbitant legal payouts in the form of nuclear verdicts, Florida has experienced a significant shift. The Sunshine State, which was previously ranked second in the nation for nuclear verdicts, or awards in excess of $10 million, has now fallen to seventh place. The reform measures appear to have not only impacted the size of awards and a reduction in the median settlement amount in the state. The turnaround is attributed to legislative efforts aimed at curbing legal system abuse, marking a pivotal moment in the state's legal landscape. This helps explain why nine property insurance companies have reduced rates and ten others have announced that they will not be increasing rates in 2024, on top of eight new companies having been formed in the state since reform measures were enacted. An analysis of the numbers paints a compelling picture of this shift. In 2023 post-reform, Florida saw a total of $491 million awarded in nuclear verdicts, with $316 million arising from state court decisions and $175 million from federal courts. These figures signify a significant deviation from the state's earlier staggering total of $33.2 billion awarded across 175 nuclear verdicts between 2009 and 2023, positioning Florida as the second-highest in the U.S. during this period. With a 27% nationwide surge in nuclear verdicts in 2023, it becomes evident that Florida’s reformation efforts stand out amidst this national trend. https://lnkd.in/epaJnVqE
Antitrust and Complex Litigation at Dickinson Wright
1moI am curious whether in light of this, what views litigators have on the effectiveness of remote depositions for material depositions? We have some experience both during and after Covid. Any thoughts?