Mass tort lawyers and their investors have a problem: Some huge cases are taking longer than expected to pay out as they hunt for the next big one.
Two of the largest multi-district personal injury cases show little sign of resolving soon after running for years. Johnson & Johnson’s multiple attempts at bankruptcy have delayed an $8 billion settlement for claims alleging its talc products cause cancer. A split among courts handling litigation against Bayer over the pesticide Roundup means the US Supreme Court may step in.
High-interest loans that law firms behind those cases use to fund their work ...
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