Author Archives: Bloomberg

The business of litigation finance is booming

The buying and selling of lawsuits – a decade-old practice in the U.S. known as litigation finance – continues to expand. Consider Pierce Sergenian, a six-lawyer trial boutique started this year by John Pierce and David Sergenian, refugees from the ...

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New York AG: Exxon’s climate change proxy costs may be a ‘sham’

This April 25, 2017, photo, shows an Exxon service station sign in Nashville, Tenn. On Wednesday, May 31, 2017, Exxon Mobil shareholders pushed the company to share more information about whether regulations designed to reduce climate change will hurt the oil giant's business. (AP Photo/Mark Humphrey)

New York’s top cop told a judge that an investigation into Exxon Mobil Corp.’s public statements about climate change uncovered “significant evidence” the oil giant may have misled investors. In a court filing Friday, New York Attorney General Eric Schneiderman ...

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Commentary: The US has forgotten how to do infrastructure

Traffic congestion at the intersection of 695 and Charles Street where they are working on a new bridge and ramps. 
Photo by Maximilian Franz 10-13-09

As Vox’s Matthew Yglesias points out, the problem with high infrastructure costs is that they force us to debate the wrong things. If costs were reasonable, even skeptics would probably agree to fix roads and build better trains. But when ...

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Voter-purge effort by Ohio gets Supreme Court review

In this June 30, 2014 file photo, the Supreme Court building in Washington.   (AP Photo/Pablo Martinez Monsivais, File)

The U.S. Supreme Court will consider giving states more freedom to rid their voter rolls of people who haven’t cast ballots in a while. Agreeing to hear an appeal by Ohio, the justices said they’ll consider reinstating a purging technique ...

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Patent holders can’t block resale, Supreme Court says

This Feb. 17, 2016, file photo shows the Supreme Court building in Washington.(AP Photo/J. Scott Applewhite, File)

The U.S. Supreme Court said companies give up their patent rights when they sell an item, in a ruling that puts new limits on businesses’ ability to prevent their products from being resold at a discount. The ruling is a ...

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GM accused in owner lawsuit of using VW-like defeat devices

U.S. safety regulators fined General Motors a record $35 million for taking at least a decade to disclose defects with ignition switches in small cars that are now linked to at least 13 deaths. (AP Photo/Paul Sancya)

General Motors Co. was sued for allegedly putting defeat devices in trucks to beat emissions tests, making it the fifth carmaker to be accused of diesel cheating since Volkswagen AG admitted in 2015 to flouting pollution rules. Owners and lessees ...

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