federal court News

Australia Targets Litigation Funders In Class Action Clampdown

The Australian government is tightening regulatory scrutiny of wealthy litigation funders, clamping down on the industry following a surge in costly class action lawsuits. Treasurer Josh Frydenberg said on Friday that litigation funders will be required to hold an Australian …

Cryptocurrency Investor Sues Suburban NYC Teen For $71.4M Over Alleged Swindle

NEW YORK — A U.S. cryptocurrency investor on Thursday sued a suburban New York high school senior, accusing the 18-year-old of being the mastermind and ringleader of a cybercrime scheme that defrauded him out of millions of dollars in digital …

Louisiana Flood Victims Owed Over $300 Million Sue State

BATON ROUGE, La. — A group of Louisiana flood victims who have been owed over $300 million for the past decade have filed a lawsuit against the state for failure to pay. The Advocate reports that Tangipahoa Parish home and …

Another Lawsuit in ’09 Louisiana Boat Wreck That Killed 5

The owner of a boat that slammed into a barge at night, killing all five oilfield workers on it, has sued its insurance companies in federal court. Tarpon Rental Inc. says Chartis Specialty Insurance Co. and American International Specialty Lines …

Federal Court Upholds Umbrella Insurer in Asbestos Coverage Dispute

A federal appeals court has agreed that Continental Insurance Co. did not have a duty to defend asbestos injury claims against the automotive supplier Federal–Mogul Corp. as its umbrella carrier because the primary coverage provided by three other insurers had …