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Author: riskAdmin

Risk Settlements > Articles posted by riskAdmin

Keep Up Already! 3 Quick Graphics Demonstrate the Rapid Evolution of the TCPA’s ATDS Landscape

[vc_row triangle_shape="no"][vc_column width="2/3"][vc_column_text]By Eric J. Troutman, Squire Patton Boggs (US) LLP   As we recently reported on TCPAWorld.com, the Sixth Circuit Court of Appeals has now entered into the fray and held that the TCPA’s ATDS definition applies to dialers that call (or text) from a list of numbers automatically, at least when the dialer is being used in automatic fashion.  Previously the Sixth Circuit was an “undecided” jurisdiction. We’ve also seen similar big developments at the district court level in the Fourth and Eighth Circuit Court of Appeals footprint recently. So how big–and bad–are these changes for TCPA defendants? Let’s look at the visualizations. The original heatmap we prepared as part of the Squire Patton Boggs 2019 TCPA Year End Review, shows much of the country still undecided. This map was prepared in February, 2020 – just five months ago. You’ll notice the Sixth Circuit was leaning red at the time but the Second Circuit was yellow:   FEBRUARY, 2020 [/vc_column_text][vc_single_image image="4576" img_size="full"...

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The Differences Between Traditional Litigation Funding and Litigation Asset Monetization

[vc_row triangle_shape="no"][vc_column][vc_column_text] Third-party litigation funding (“TPLF”) is a budding industry reshaping commercial litigation in the United States and abroad. Domestically, high-stakes antitrust, securities, intellectual property, business-contract, and other large-damages lawsuits almost certainly mean a protracted and costly litigation process, often to the point where the risk cannot be justified. This situation deters would-be plaintiffs from the commitment and prevents them from realizing the upside. While the opportunity cost can be substantial, many businesses can neither endure the uncertainty nor the possible exposure.  TPLF enables plaintiffs to take on well-funded defendants who may contest the lawsuit with seemingly inexhaustible resources. In turn, plaintiffs incur additional, unplanned expenses that strain corporate budgets. Ultimately, the only feasible way to litigate such a matter is to hedge the risk. Partnering with a litigation funder to shift the risk, namely the burden of legal fees and expenses, allows corporate plaintiffs to focus capital on core business avenues,...

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To Opt-out or Not Opt-out? That is the Question in Antitrust and Securities Cases

[vc_row triangle_shape="no"][vc_column][vc_column_text] In federal antitrust and securities class actions, large corporate claimants have the option to seek recovery as part of a class or pursue damages individually, via direct action. The decision is not straightforward; an array of variables complicate this risk-reward enigma. In-house legal departments consider to what degree pursuing direct action will be a costly, time-consuming, and distracting pursuit in view of the company’s financial health and risk appetite, and of course, to what potential benefit. While daunting, declining to opt-out can mean leaving money on the table, particularly because risk transfer solutions are available to opt-out plaintiffs with meritorious claims. Risk transfer solutions like asset monetization can change the equation, offering companies the chance to monetize latent assets while taking no downside financial risk. Weighing the Opt-Out Decision For corporate victims with large individual damages, participating as a member of a class is often suboptimal due to procedural complexities and the...

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General Counsel Q&A: Risk Transfer with Class Action Settlement Insurance

Seth Hopson, the former General Counsel of North American Power and Gas, discusses his experience with class action litigation and the benefits of class action settlement risk transfer.   Can you tell us about your role within the company? I was the General Counsel of a retail energy company serving 300,000+ retail and small commercial customers in the New England, Midwest and Southern regions of the United States. As such, I was responsible for all litigation and risk management on the legal and regulatory side of the business.   How frequently was your organization impacted by litigation? During the seven years from the inception of the business until the sale of the business, we went to trial once and were also involved in a multi-state class action litigation covering a potential customer class of over 700,000 current and former retail residential customers. That matter included allegations that the company breached our terms of service...

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