Former MMA Lawyer Suspended; Hedge Funds Win Injunction to Protect Funds Loaned to Firm January 2, 2024 By Jim Sams A former attorney for McClenny Moseley & Associates, who was accused of dishonesty while participating in his law firm’s filing...
WSJ: Hedge Funds Investing in COVID Business-Interruption Claims May 2, 2023 By Jim Sams Multiple hedge funds are making long shot bets on COVID-19 business-interruption claims, despite a long string of losses in state...
Behind Allianz’s $4 Billion Fund Blowup, Red Flags and Fat Fees March 11, 2022 By Neil Weinberg, Alex Wittenberg and Will Louch It’s every investor’s dream: Make money when markets go up, and when markets go down, and even when markets go...
APCIA Joins Group Pushing for Reforms on Litigation Funding March 3, 2022 By Chad Hemenway A new advocate group in New York that counts the American Property Casualty Insurance Association (APCIA) as a member is...
U.S. Pension Funds Sue Allianz After $4B in Coronavirus Losses September 28, 2020 By Tom Sims FRANKFURT — Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany’s Allianz,...
NY, Feds Sue ‘Pharma Bro’ for ‘Scheme’ to Keep Drug Price Up January 29, 2020 By Jennifer Peltz NEW YORK — State and federal authorities sued imprisoned entrepreneur Martin Shkreli on Monday over tactics that shielded a profitable...
Hedge Funds Buy Almost $500 Million in Claims From PG&E Vendors August 14, 2019 By David R. Baker and Dawn McCarty Bankrupt utility giant PG&E Corp. owes a lot of money to a lot of businesses. A tree-trimming service. A California...
PG&E Posts $2.6 Billion Loss Stemming From Bankruptcy, Wildfires August 9, 2019 By Mark Chediak PG&E Corp., the bankrupt California utility giant, reported a $2.6 billion second-quarter loss and said it expects more charges this...
Senators Question Hedge Fund Lawsuit Speculation September 1, 2015 By Paul Barrett Hedge funds have been speculating on lawsuits, a new form of financial engineering that some business interests say encourages wasteful...