SANTA ANA, Calif. — While district attorneys and attorneys general who sometimes hire private attorneys to help bring consumer-protection cases see it as a way to match resources with business giants, some civil-justice reform groups continue to scrutinize the practice in California.
SACRAMENTO — After 24 years in Congress, Rep. Xavier Becerra, Gov. Jerry Brown’s pick for attorney general, has the experience to oppose the Trump administration. But small business advocates in California aren’t expecting an ally in the new top law enforcement officer.
A proposed rule in the Northern District of California could require parties in civil suits to disclose the presence of litigation funders. And reactions to the proposal demonstrate just how far apart groups in the legal community are on the issue of third-party investment in lawsuits.
LOS ANGELES — Sending the message that MetLife should have stopped agents who referred clients to an unauthorized investment scheme that could help them buy insurance, a jury awarded approximately $15.6 million to the first of many individuals’ claims earlier this fall.
SAN CLEMENTE – A judge has ruled that the state agency responsible for overseeing land use and public access to the California coast overreached when it tried to force a beachfront homeowner to waive his rights to repair and maintain a rock wall that protects his and other homes from erosion and storms.
OAKLAND – A long-term care facility is waiting to see which court of appeals will hear its case after the National Labor Relations Board refused Aug. 24 to reconsider a previous ruling that the facility violated the National Labor Relations Act.
LOS ANGELES – The jury has awarded $15.6 million to the plaintiff in the lawsuit against MetLife, its subsidiaries and a former managing partner, holding the insurance giant responsible for the losses of a woman who invested in what turned out to be a Ponzi scheme.
LOS ANGELES – After weeks of testimony in the lawsuit against MetLife and its subsidiary, attorneys delivered their closing arguments and handed the case over to the jury for deliberation, rehashing the facts and pleading for justice.
LOS ANGELES – A key MetLife policy that prohibits insurance agents from referring clients to anyone selling unapproved securities should have pulled the plug on any referrals to Diversified Lending Group for premium financing, but corporate manuals didn’t instruct supervisors and agents on how to identify which products were off limits, according to testimony in the trial against MetLife.
LOS ANGELES — Two witnesses in the trial against MetLife offered glimpses of what workdays looked like in the financial services office that became entangled with a fraudulent real estate investment fund.
LOS ANGELES – Before introducing prospective clients to an investment fund promising a 12-percent return, Scott Brandt always started by pitching insurance. Dating back to a meeting for insurance agents in his office in 2004, he made an association between Diversified Lending Group’s premium financing program and MetLife insurance products.
LOS ANGELES – After Diversified Lending Group (DLG) became associated with MetLife and one of its subsidiaries in 2004, the number of investment accounts in the real estate fund grew from fewer than 20 to about 800, according to an employee of the company’s marketing arm.