Three prominent lawyers and a hedge-fund manager have launched a Chicago-based litigation financing company with $100 million in capital.
Forming Gerchen Keller Capital LLC, an investment firm focused on large-scale commercial litigation, are Adam Gerchen, Ashley Keller, Travis Lenkner and Terry Carlson.
Gerchen, the company's chief executive officer, was portfolio manager at hedge fund Alyeska Investment Group L.P. and an investment banker at Goldman, Sachs & Co. He earned his law degree...
In the wake of Granholm v. Heald, numerous states passed new laws to regulate interstate direct shipment of alcohol that would seem to contradict the spirit, if not the explicit content, of the Commerce Clause. We build on existing scholarship analyzing the empirical impacts of direct shipment barriers to identify how these new laws are likely to influence local market conditions. Drawing on new data that measure posted winery prices and aggregate production levels in 2002 and 2004, we demonstrate...
We often get sucked into trivial decisions. Here are 3 ways to avoid this painful phenomenon.
Have you ever agonized over which restaurant entrée to order? Which shade of white to paint the kitchen? Which flight to purchase?
If so, you’re not alone. You’ve been caught in something my colleague and I call “Decision Quicksand.” Not only does it lead to wasted time, it also makes people unhappy and less satisfied with choice.
It starts simply enough. You’re choosing a vacation...
Part One: A Brief History of ADR and Corporate Perception
The history of Alternative Dispute Resolution in the last fifty years has seen much change. According to Thomas Stipanowich and Ryan Lamare’s research, much of out-of-court conflict resolution from the 1950s-1980s was represented by binding arbitration. Motivated by cost savings and speedy resolution, as studies have illustrated, the arbitration process was perceived as an effective alternative to litigation. They do note that during this...
Claims organizations are sitting on a treasure trove of data and information, but making it actionable can sometimes be a challenge. This is especially true when dealing with litigation management. Insurance companies already have great experience making data actionable through their work on the underwriting side – it’s really just a matter of time, knowledge and guidance before they learn to apply the same savvy to litigation management.
The challenges of litigation management never change:
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Texas’ Ninth District Court of Appeals in Beaumont has ordered a dispute to arbitration based upon the doctrine of direct-benefits estoppel. In Raymond James Financial Services, Inc. and Timothy Carl Satre v. June Angelina Peveto f/k/a June Strange, No. 09-12-00472-CV (Tex. App. 9th March 28, 2013), John Robert Peveto created a family partnership named JRP Investments, L.P. (“JRPI”) and named himself the managing partner. He then opened an investment account at Raymond James Financial...