Litigation Financing Archives

When Litigation Financing Goes Wrong, Who Pays?

The bankruptcy of Houston's AkinMears LLP highlights the risks of relying too heavily on third-party litigation financing and the broader implications for transparency, regulation, and financial sustainability in mass torts. The firm filed for Chapter 7 bankruptcy citing more than $200 million in debt owed to litigation funding companies Virage SPV 1 and Rocade Capital. According to Bloomberg Law’s U.S. Bankruptcy Tracker, AkinMears LLP was the only U.S. law firm filing for bankruptcy in January 2025 with $50 million or more in liabilities. In total, 12 large law firms declared bankruptcy in January 2025, up from seven in January 2024 but slightly below the 17 cases recorded in January 2023. Read our report by guest contributor Jennifer Holmes.

Drug & Device Defense Forum | Oct. 15, 2018 | New York

May 13th, 2018|Categories: HB Tort Notes, Tort Litigation|Tags: Attorney Ethics, CLE, cyber security, cyber security for medical devices, Dechert, demonstrative evidence, drug liability, FDA approval, FDA guidelines, FDA regulation, FDA warnings, goodell devries, jim frederick, jury presentation, lawyers social media, legal ethics, Litigation Financing, litigation funding, mass torts, medical device breach, Medical Device Litigation, medical devices, megan grossman, michelle yeary, personal jurisdiction, pharmaceutical liability, Product Liability, segal mcambridge|

Sorry! This event has been cancelled. We had a good run for several years but all good things and all that. Look for the sessions to magically appear as part of our new webinar series. --Tom Hagy Emerging legal and business issues facing the pharmaceutical and medical device industries. Conference Chairs Megan Grossman Shareholder Segal McCambridge Singer & Mahoney Ltd. Michelle Hart Yeary Of Counsel Dechert LLP James A. Frederick Partner Goodell DeVries Leech & Dann LLP When Oct. 15, 2018 Where Convene Well&, 151 W 42nd St Times Square, New York Sponsors Hotel Accomodations The Knickerbocker Hotel 6 Times Square, SE corner of 42nd & Broadway Weblink Reservations. $325 Premier King For 3 days pre & post conf reservations, contact Jenny Thorpe | 212-204-4976| jthorne@theknickerbocker.com Ask for "HB Litigation" conference rate. Cut-Off Date: Sept 23 CLE This event will be eligible for CLE Conference Registration Rates • $195 for in-house counsel at pharmaceutical, medical device and insurance companies. • $495 for attorneys in private practice • $395 for attorneys from faculty firms (promo code FAC395) Contact Us (484) 844-0437 Send us an Email Speaking Proposals Send us your idea Ideas@LitigationConferences.com Or go online: Faculty Questions: Faculty@LitigationConferences.com Faculty Dinner | [...]