LilMikeSFJul 20, 2023
US gov has projected it could eventually shell out $21 billion to compensate sickened #veterans, workers, and their families in Camp LeJejeune toxic #H2O claims. A growing number of tort claims are being financed by outside investors seeking to win big payouts from mass #ClassAction #liability #litigation. #Legal funders have invested an estimated $16 billion in the sector alone this year. The #CampLejeune litigation is poised to rank among the largest #MassTorts ever and is considered a "sure thing" by those in the tort claim industry!
https://news.bloomberglaw.com/us-law-week/litigation-funders-bet-billions-on-veterans-toxic-water-claims
Litigation Funders Bet Billions on Veterans’ Toxic Water Claims

The litigation funding industry has increasingly gravitated toward mass torts promising large payouts, and the Camp Lejeune case is poised to rival the biggest. Roughly $2 billion has already been invested, one consultant estimates.

Matthew BrucknerJan 30, 2023

A federal appeals court rejected Johnson & Johnson’s plan to use a legal strategy to push about 38,000 talc lawsuits into bankruptcy court https://www.wsj.com/articles/j-js-talc-bankruptcy-case-thrown-out-by-appeals-court-11675096308?st=9gdgaye878urw04&reflink=desktopwebshare_twitter via @[email protected]

Thanks for the story, @[email protected]! #masstorts #Texas2Step #badfaith

J&J’s Talc Bankruptcy Case Thrown Out by Appeals Court

Appeals court says J&J talc subsidiary can’t pull cancer claims into bankruptcy because it has the resources to pay and isn’t distressed

The Wall Street Journal