Thankfully, third party funding is no longer illegal – prohibitions on champerty and maintenance have fallen away in most US states. As funding emerges as a reasonable alternative for under-capitalized litigants, the results can be striking.
It’s a general counsel’s worst nightmare come true. On Wednesday, New York Supreme Court Justice Eileen Bransten shot down Bank of America’s request to exclude its CEO Brian Moynihan from testifying in a lawsuit brought by bond insurer MBIA Inc.
Humble isn’t exactly the word one would use to describe Gregory Berry.