Schulte partner Ted Keyes discussed judgment preservation insurance (JPI) transactions with Law360 for the article "How Big IP Judgment Winners Are Insuring 'Nuclear Verdicts.'" Nuclear verdicts refer to large monetary awards secured by plaintiffs who often have to wait out a lengthy appellate process before gaining access to the funds or finding out how much of the award will remain intact. JPI policies allow parties who secure large monetary awards to pay a premium to guarantee recovery of a portion of the award. Ted stated "Most but not all of the JPI transactions that we have been involved with have involved IP cases and, more specifically, patent litigation." He continued "These deals have all involved judgments in excess of $10 million and some have involved judgments in the hundreds of millions." JPI policyholders can also use their policies as loan collateral, getting partial access to their money for business investments or to aid with appeal costs. Appeals in patent cases can last as long as 10 years. "It can take many years for a claimant to get through the appeals process and actually collect on a judgment," Ted said. "The ability to use a JPI policy as collateral for a loan gives a claimant the option to monetize a portion of the judgment in the near term." Read more: https://bit.ly/3QzOueG #SchulteLaw #Litigation #IntellectualProperty
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Litigation abuse is a complex and escalating challenge for insurers, clients, and reinsurers globally. Zurich Insurance’s group chief claims officer, Tom Thornberry, sheds light on the factors driving nuclear verdicts in the US, the influence of third-party litigation funders, and emerging risks in Europe. https://hubs.la/Q02_HCh20
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Litigation abuse continues to escalate, with record-setting nuclear verdicts and the rising influence of third-party litigation funders. In a recent roundtable, Zurich Insurance’s Group Chief Claims Officer, Tom Thornberry, shared valuable insights on these trends and the importance of proactive claims management. https://hubs.la/Q02_DKN70
Zurich group chief claims officer on what’s happening with litigation abuse trends
insurancebusinessmag.com
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Join Mediator and Arbitrator Jeff Trueman, Esq., and negotiation expert and author John Lowry for a timely CLE webinar tackling the rising trend of $10M+ nuclear verdicts—jury awards that are increasingly putting defendant companies at risk of devastating financial losses. While these massive verdicts can reward plaintiffs' firms for their significant upfront risks, they also raise critical questions about fairness and the pursuit of justice. Is there a more balanced path forward? In this exclusive webinar on the West LegalEdcenter platform, Jeff and John, both seasoned experts in mediation and negotiation, delve into this high-stakes topic, offering valuable insights for litigators, companies, and plaintiffs alike. For a limited time, use code HB20 for 20% off the webinar! Register here: https://bit.ly/3YDYUit Interested in a subscription to all of West LegalEdcenter's content? Use code HBSub20 for a discount! #HBLitigation #Litigation #NuclearVerdict #Insurance #LegalEducation #CLE #Verdicts #Settlements
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Tom Thornberry, Group Chief Claims Officer at Zurich Insurance, sheds light on the alarming rise of litigation abuse, a trend that's impacting both the US and Europe. Key drivers include the influence of third-party litigation funders, the rise of nuclear verdicts, and emerging risks in sectors like PFAS. https://hubs.la/Q02_Bqqh0
Zurich group chief claims officer shines spotlight on litigation abuse
insurancebusinessmag.com
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Litigation abuse is evolving into a critical concern for insurers, reinsurers, brokers, and clients alike. Zurich Insurance’s group chief claims officer, Tom Thornberry, highlights alarming trends including nuclear verdicts, the rise of third-party litigation funding, and the growing litigation landscape in Europe. https://hubs.la/Q02_HBxf0
Zurich group chief claims officer shines searchlight on litigation abuse
insurancebusinessmag.com
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HB Litigation has produced a timely CLE webinar focusing on $10M+ nuclear verdicts which juries are returning with increasing frequency. While these are bonanzas for plaintiffs’ firms who put themselves at risk and at tremendous upfront expense, they also put defendant companies at risk of staggering and even existential losses. Is there a better way to achieve justice? Register for our CLE OnDemand webinar – exclusively on the West LegalEdcenter platform – in which long-time experts on mediation and negotiation dive into this consequential and controversial subject for litigators, plaintiffs, and companies. For a limited time, use code HB20 for 20% off the webinar. Register for the webinar here: https://bit.ly/3YDYUit If you're interested in a full solo subscription to all West LegalEdcenter's content, use code HBSub20. #HBLitigation #litigation #nuclearverdict #insurance #legaleducation #CLE #verdicts #settlements
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Join Mediator and Arbitrator Jeff Trueman, Esq., and negotiation expert and author John Lowry for a timely CLE webinar tackling the rising trend of $10M+ nuclear verdicts—jury awards that are increasingly putting defendant companies at risk of devastating financial losses. While these massive verdicts can reward plaintiffs' firms for their significant upfront risks, they also raise critical questions about fairness and the pursuit of justice. Is there a more balanced path forward? In this exclusive webinar on the West LegalEdcenter platform, Jeff and John, both seasoned experts in mediation and negotiation, delve into this high-stakes topic, offering valuable insights for litigators, companies, and plaintiffs alike. For a limited time, use code HB20 for 20% off the webinar! Register here: https://bit.ly/3YDYUit Interested in a subscription to all of West LegalEdcenter's content? Use code HBSub20 for a discount! #HBLitigation #Litigation #NuclearVerdict #Insurance #LegalEducation #CLE #Verdicts #Settlements
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Join Mediator and Arbitrator Jeff Trueman, Esq., and negotiation expert and author John Lowry for a timely CLE webinar tackling the rising trend of $10M+ nuclear verdicts—jury awards that are increasingly putting defendant companies at risk of devastating financial losses. While these massive verdicts can reward plaintiffs' firms for their significant upfront risks, they also raise critical questions about fairness and the pursuit of justice. Is there a more balanced path forward? In this exclusive webinar on the West LegalEdcenter platform, Jeff and John, both seasoned experts in mediation and negotiation, delve into this high-stakes topic, offering valuable insights for litigators, companies, and plaintiffs alike. For a limited time, use code HB20 for 20% off the webinar! Register here: https://bit.ly/3YDYUit Interested in a subscription to all of West LegalEdcenter's content? Use code HBSub20 for a discount! #HBLitigation #Litigation #NuclearVerdict #Insurance #LegalEducation #CLE #Verdicts #Settlements
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Mediator Arbitrator, Jeff Trueman, Esq. and Negotiation Educator and Author, John Lowry join us on a timely CLE webinar focusing on $10M+ nuclear verdicts which juries are returning with increasing frequency. While these are bonanzas for plaintiffs’ firms who put themselves at risk and at tremendous upfront expense, they also put defendant companies at risk of staggering and even existential losses. Is there a better way to achieve justice? Find out by registering for the webinar – exclusively on the West LegalEdcenter platform – in which Jeff and John, both long-time experts on mediation and negotiation, dive into this consequential and controversial subject for litigators, plaintiffs, and companies. For a limited time, use code HB20 for 20% off the webinar! Register for the webinar here: https://bit.ly/3YDYUit If you're interested in a full solo subscription to all West LegalEdcenter's content, use code HBSub20. #HBLitigation #litigation #nuclearverdict #insurance #legaleducation #CLE #verdicts #settlements
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Sean Kevelighan, CEO of the Insurance Information Institute, discusses how nuclear verdicts, litigation funding and other legal system abuses drive up claims costs that ultimately lead to higher premiums for consumers. Click to watch here: https://bit.ly/3WRuZSW #claims #insurance #litigationfunding Sean Kevelighan
