-
White Castle could face multibillion-dollar judgment in Illinois privacy lawsuit
Feb 17 (Reuters) – Illinois’ highest court on Friday explained firms violate the state’s exceptional biometric privacy regulation every time they misuse a person’s personal information and facts, not just the initial time, a ruling that could expose enterprises to billions of bucks in penalties. The Illinois Supreme Court in a 4-3 conclusion mentioned fast foodstuff chain White Castle Procedure Inc ought to encounter claims that it repeatedly scanned fingerprints of nearly 9,500 workforce with out their consent, which the enterprise suggests could value it far more than $17 billion. The Illinois Biometric Details Privateness Act (BIPA) imposes penalties of $1,000 per violation and $5,000 for reckless or intentional violations.…
-
Litigation Funding: A multibillion-dollar industry for investments in lawsuits with little oversight
Ever heard of litigation funding? It’s a relatively new, multibillion-dollar industry where investors fund lawsuits. Here’s the idea: say someone was wronged by a big corporation but has no money to sue it. A litigation funder will pay for their court battle. In essence: they’re betting on the lawsuit the way traders bet on stocks. If it’s successful – they make money, sometimes a lot of money; if it fails – the funders get nothing – their investment is lost. Litigation funding can help in cases where otherwise the little guy who’s suing would just get crushed or lowballed by defendants with deep pockets. Problem is – this market is…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/VVEDOZLWTFLFBGEY7VMRNCPNXI.jpg?w=1140&resize=1140,0&ssl=1 "White Castle could face multibillion-dollar judgment in Illinois privacy lawsuit")
/cloudfront-us-east-2.images.arcpublishing.com/reuters/3IDPIBLBBRON7ECX6O4ZRI4F4Y.jpg?w=500&resize=500,330&ssl=1 "U.S. court rejects J&J bankruptcy strategy for thousands of talc lawsuits")